Industry News

Audacy Settles $1.4 million Tax Debt with PA Township

As it continues to work its way through Chapter 11 reorganization, Audacy settles with Lower Merionim Township, Pennsylvania over a disputed tax bill. This settlement in principle remains subject to final approval of the Township Board of Commissioners but in full settlement, satisfaction, and discharge of the Township’s Proofs of Claim for certain local taxes and related penalties, interest, and charges, Audacy will pay the Township $1,417,917 cash.