Audacy, Inc. (AUDAQ) Research

Audacy, Inc. operates as a comprehensive audio content and entertainment firm, predominantly engaged in the radio broadcasting sector throughout the United States. This company manages a wide variety of radio stations that cater to diverse tastes, including news, sports, talk shows, classic rock, urban, adult contemporary, alternative, and country music, among others. Beyond its broadcast operations, Audacy delivers integrated marketing services to both local and national advertisers, leveraging its radio, digital, podcasting, and live event platforms. The organization is also responsible for creating and staging unique live events, such as concerts and performances. Furthermore, it disseminates content via its websites, podcasts, on-demand audio, and exclusive programming. Audacy provides its services under both the Audacy and AmperWave brands. Established in 1968, with its main offices in Philadelphia, Pennsylvania, the company rebranded as Audacy, Inc. in April 2021, having previously been known as Entercom Communications Corp. A notable development occurred on February 20, 2024, when Audacy, Inc., along with its affiliated entities, sought Chapter 11 bankruptcy protection through a voluntary reorganization petition filed with the U.S. Bankruptcy Court for the Southern District of Texas.

Market snapshot

Symbol
AUDAQ
Price
$0.16
Day change
-1.59%
Market cap
$785.3K
P/E ratio
-0.00x
52-week range
0.027-0.9551
Sector
Communication Services
Industry
Broadcasting

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