I have dug deeper. They have put interest payments on hold with deferrals on the grace period ahead of default. This is coming to a head any day. It should be a prepack filing.

For what it’s worth, their sports radio stations have flattish revenue, while every other genre is in the tank.

True, sports radio revenue was flat.

It was boring. I feel bad for Leila. Sounds like her life sucks.

Why is that? This is the apex of her career so far.

Dude she is seriously depressed. Listen to the podcast. She wants to exit the medium given all the harassment.

Was larry his awkward girly self when in the presence of another girl?

I forget who said it but "that's what the money is for"

Down 92% 6/30/23 RSS previous year.
Down another 89% not yet 6 months after RSS.

$100,000 on 6/30/22 now $880.

There has to be some reason to keep coming in and turning on the lights. What? I don't know.

There is a lot of value in the business. But in cases where the debt load is this massive, all of the value is held by the creditors. That is why the equity (shareholder) value is nil. They are restructuring the debt as evidenced by the filings. They appear to be working towards either an out of B/K court settlement to recapitalize the business or a prepackaged bankruptcy filings (most likely). The creditors will own the company when this is all done.

They are cutting costs to align revenues with expenses. They produce significant cash flow. Their current problem is hefty interest expense and liquidity.

The balance sheet will be restructured, and then it is likely it will be sold off in pieces.