Audacy petitions the U.S. Bankruptcy Court to allow it to sell real estate as it winds its way through Chapter 11 reorganization. It is selling its tower site in the Boston suburb of Needham to ATS-Needham
LLC for $3.5 million and its Boston real estate – the location of its radio station offices – at 83 Leo M. Birmingham Parkway – to 83 Leo Property Owner LLC for $18.1 million. Audacy will lease back the studio property for a base rent of $40,000 per month. A hearing before U.S. Bankruptcy Judge Christopher Lopez is scheduled for February 20.
