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.

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Hawaii (fuck) You

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

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Hawaii (fuck) You

Not because of sports programming though. It's gambling that's keeping it afloat and once that industry's pecking order gets ironed out, that revenue will drop too.

True, sports radio revenue was flat.

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Hawaii (fuck) You

So is your mom.

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

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

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

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Hawaii (fuck) You

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

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

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"He is a loathsome, offensive brute
--yet I can't look away."

I don't know but the podcast was in a nail salon.

just a joke, i continue to personally like both people.

don draper. He also had to explain it to a woman

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O judgment! Thou art fled to brutish beasts,
And men have lost their reason.

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.

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Audacy Market cap is $1.14 million

Is that 'yikes' or 'gross'? It might be grikes!

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.

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Hawaii (fuck) You

How when revenues have tanked due to industry...uh...death?

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.

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Hawaii (fuck) You

Good luck with that. Once the gambling industry realigns, that revenue will dry up too. Selling windows ain't cutting it. So they better hurry up and sell those 'pieces'.