Audacy says challenges to its emergence from bankruptcy should be dismissed because its level of foreign ownership is now below the FCC’s threshold. In approving the bankruptcy plan recently, the ...

Audacy Inc., the bankrupt radio broadcaster, won regulatory approval for the transfer of its licenses to a nonprofit funded by billionaire George Soros, paving the way for the company, which owns ...

If Audacy’s reorganization is going to clear FCC approval, its final hurdle, it will need permission to exceed the foreign ownership limit of 25%. The company’s Chapter 11 proceeding wiped out about ...