“We would be remiss if we didn’t immediately thank all of the 92%ers out there — aka Swifties,” the retired Philadelphia Eagles center joked.
After fourth-quarter revenue declined 5%, first-quarter revenue will be down 2% to flat, the company announced Thursday.
"What I see is a great deal of anxiety and stress levels, and I don’t know how we fix it," says one radio executive.
Soros Fund Management acquires a sizeable chunk of Audacy’s debt, roughly $414 million in total.
Cook also serves as operations manager for Cumulus' Nashville cluster and program director for Nashville country stations WKDF and WSM-FM Nashville.
The singer-songwriter's 1988 solo recording is going to several formats, including adult alternative, adult contemporary and Americana.
“It’s different to hear Beyoncé on a country radio station," says one programmer. "We’re going to play it more and see if it the audience likes it.”
The windfall will help pay down debt for the radio giant, which held a minority stake in the PRO.
Layoffs are required to become "even more efficient, agile, and flexible," said CEO Jennifer Witz.
GMR claims that stations owned by Vermont Broadcast Associates have been playing 66 songs in the GMR catalog without a license.
