Field Of Funds: Audacy Secures Millions in Financing


Its share value is down 41% since early March. July 15 saw the “restructuring” of its Contemporary Hit Radio (CHR) stations, resulting in the importation of two hosts across numerous stations it owns throughout the U.S.

Now, Audacy — the company formerly known as Entercom — has engaged in what’s called a “trade receivables securitization” that will give it a huge influx of cash.

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