Industry Speculation About Soros’ Plans for Audacy News and Talk Outlets Intensifies
Audacy, Inc. announced yesterday (9/30) that it has successfully completed its financial restructuring, implementing a fully consensual, deleveraging transaction that equitized approximately $1.6 billion of funded debt, a reduction of 80% from approximately $1.9 billion to $350 million. Sources at the radio giant – owner of more than 220 local stations including major all-news, news/talk, and sports talk outlets – say the company emerges as a “healthy, scaled, multi-platform leader in the dynamic audio sector, with total net leverage of approximately 2.7x, differentiated by its #1 position in exclusive, premium audio content.”
Audacy will continue to be led by David J. Field, its current president and CEO, and its existing management team. Field will also serve on the company’s new board of directors. Field states, “We are pleased to have successfully achieved all of our restructuring goals, emerging with an outstanding balance sheet, delivering industry-leading growth, serving our listeners and advertisers with excellence and honoring our commitments to employees and partners,” adding, “Today, Audacy embarks on our next chapter, capitalizing on our position as a scaled, multi-platform audio leader, differentiated by our exclusive, premium audio content, including our unrivaled leadership in sports audio, powered by our industry-leading financial strength and focused on accelerating our innovation and digital transformation. We are maximizing a broad set of opportunities to further accelerate our growth for the benefit of Audacy and all its stakeholders.” In conjunction with the completion of its restructuring, Audacy is expected to become a private company. Audacy’s restructuring comes after the FCC’s commissioners gave a thumbs up on the assignment of licenses held by the radio giant to a new, post-bankruptcy version of the company on September 18, allowing the radio giant to bypass the commission’s review, at least temporarily. According to reliable reports, the Soros Fund Management, led by billionaire investor and powerful supporter of liberal causes, George Soros, acquired over $400 million of the radio company’s debt, making it the largest contributor among a group of lenders looking to exchange loans for stock. Concern grows in the radio industry and related political circles, including some Members of Congress, that the influence of Soros’ political leanings might be felt in the programming of Audacy’s all news stations and predominantly conservative news/talk outlets.



Sid Rosenberg


NewsTalk 580/105.9 KMJ in Fresno, CA, joined forces with local agriculture company Gar Bennett to raise funds for the Central California Food Bank through the 11th Annual Feeding Families Fund Drive (9/20). KMJ listeners responded to the one-day broadcast with generous donations to help their less fortunate neighbors, raising over $200,000 in a single day. Gar Bennett matched every donation with 50 cents on the dollar, for a grand total of $493,000 going to the Central California Food Bank. Co-sponsor Farm Credit also pitched in with a large donation to the cause. The annual one-day event has raised more than $4.5 million for the Central California Food Bank, providing 20 million meals in 11 years. This year’s record-breaking fundraising effort will feed over two million people who struggle with hunger in the Central Valley. Pictured above (l-r): KMJ’s Ray Appleton; Kym Dildyne, CEO, Central California Food Bank, and KMJ’s Liz Kern.



















Benztown, a global leader in radio imaging, voiceovers, programming, podcasting, and jingles, has released two new episodes of “Chachi Loves Everybody,” an original podcast series hosted by its president Dave “Chachi” Denes. The episodes feature Chachi’s special guests Steve Jones, president and CEO, Skyview Networks, and Mike McVay, president, McVay Media Consulting.
PodcastOne

Six members of the state’s broadcasting community were inducted including Betty-Jo Cugini of WERI/WRX Radio/WLNE-TV/WJAR-TV; Chris DiPaola of WBLQ-AM Radio (posthumously); Joe Hassett, color commentator Providence College Basketball; Dan Yorke of WPRO-AM Radio/WPRI-TV; Paul Zangari of WEAN-AM Radio/RI PBS/ WPRO-AM Radio; and Sean Daly, WLNE-TV/WPRI-TV. An emotional high-point of the ceremony took place when the late Chris DiPaola was inducted as the inaugural recipient of the Ron St. Pierre Radio Innovator Award – named after the late RI radio legend who passed away earlier this year. The award was accepted by DiPaola’s father and son. TALKERS publisher Michael Harrison attended the event, noting, “Last night’s beautiful gathering was a reminder that local radio and television are very much alive and well in Rhode Island. There were laughs, tears, pride, camaraderie, and an abundance of good vibes. It was inspirational!”




Effective 10/1, Kevin Washington has been named operations manager for Alpha Media’s five Dayton, OH stations (WDHT-FM, WROU-FM, WGTZ-FM, WCLI-FM and sports talk, WING-AM). Washington has 20+ years of experience with Alpha Dayton and most recently held the position of APD/promotions director. Alpha Media’s SVP/market manager Brett Beshore tells TALKERS, “I’m thrilled to be promoting Kevin into this pivotal role with Alpha Dayton. He’s consistently demonstrated strong commitment to the organization’s values and goals, delivering exceptional results with everything he’s undertaken. There’s no one more deserving. He’s the absolute best choice to lead our highly[1]talented team with our heritage brands.” Washington adds, “I’m excited to take on this new role with Alpha Media. We have great stations in the market and greater people inside the building. I’m looking forward to this next chapter.”
After 35 years of service and leadership in local broadcasting, Bob Longo is retiring as VP/GM of Cox Media Group (CMG) TV – Jacksonville (WJAX-TV and Hoffman Communication’s WFOX-TV), effective Dec. 31. Longo’s career has deep roots in journalism. He started in radio as a reporter, anchor, news director, and talk host before moving to TV as a reporter and anchor, executive producer, and news director. He led newsrooms in Binghamton, Buffalo, Hartford, Pittsburgh, Orlando, and Jacksonville. He joined CMG in 2014 and was promoted to VP/GM in 2017. “Bob has been successful at every stop because he’s a personable and engaged leader with an unwavering commitment to journalistic excellence and financial performance,” said Dan York, CMG’s president/CEO. “He’s consistently brought passion to serving his local communities and has been an ardent advocate for the value of local news and investigative journalism. While we’re happy for him, we’re going to miss Bob’s optimism and leadership.”

Broadcasting weekdays 5:00 am to 9:00 am PT, the show delivers what station sources describe as “unmatched news coverage of the critical stories shaping the community.”
The program has a reputation for being a trusted news source dedicated to delivering timely and accurate coverage tackling everything from local and national news to business, entertainment headlines plus traffic and weather reports. Known for her warm delivery and engaging storytelling, Carter’s distinguished career includes roles at major news outlets such as WBBM in Chicago and Newsradio KFBK in Sacramento, where she became known for her sharp reporting and ability to connect with audiences. She will report to PD Mary Ayala who tells TALKERS, “I’m thrilled to welcome Veronica to our team,” adding, “Her depth of experience, vibrant enthusiasm and passion for connecting with the people of California make her a great addition to our morning show.” Carter comments, “I’m honored to join such a respected team and excited to connect with our listeners each morning, bringing them the news and stories that matter most.” Carter replaces LaDona Harvey, who announced she was stepping down from the role earlier this month.
The podcast publishing arm of iHeartMedia and Radio Ambulante Studios (RAS), a pioneering Spanish-language podcast production company that tells the stories of Latin America and Latino communities around the world, announced a deal that will bring RAS and its full slate of shows to iHeart’s My Cultura Podcast Network. As part of the deal, Radio Ambulante Studios’ flagship, award-winning podcast “






Midday show host Laurence Holmes (pictured left) will transition to afternoon drive and join co-host Matt Spiegel. “The Spiegel and Holmes Show” began being heard weekdays from 2:00 pm to 6:00 pm CT yesterday (9/23). The station also installs local broadcast veteran Marshall Harris as midday show co-host. Harris succeeds Holmes and will be heard alongside Dan Bernstein on weekdays from 10:00 am to 2:00 pm CT beginning September 30. “We’re thrilled to debut the future of afternoons on The Score by pairing Laurence Holmes with Matt Spiegel,” said Kevin Cassidy, SVP/market manager, Audacy Chicago. “Laurence’s deep knowledge of Chicago sports, coupled with Matt’s existing rapport with our afternoon listeners, promises to deliver compelling, insightful content that resonates with our audience. We’re equally thrilled to welcome Marshall Harris, a seasoned sports broadcaster with deep local ties, to our midday lineup.” Holmes joined The Score in 1998 and covered the Bears for 10 years. He has also been a sports anchor on NBC5 and NBC Sports Chicago. He succeeds Danny Parkins, who recently left the station. Harris joins 670 The Score after serving as sports director for CBS2 in Chicago. He has also served as a fill-in host for 670 The Score since 2022 and has been heard on sister station Sports Radio 94WIP in Philadelphia.