Audacy Agrees to $2 Million Tax Payment
As Audacy continues the process of exiting Chapter 11 reorganization, it settles an unpaid tax bill with the
township of Lower Merion with regard to its former headquarters in Bala Cynwyd, Pennsylvania. The original amount to be paid by Audacy was $1.4 million however that figure was later deemed incorrect and now the company agrees to pay the township $2 million. Audacy is still awaiting final approval from the FCC to be able to operate its radio stations as the new Audacy.