AUDACY, INC.: directors' dealings · United States · SEC (Form 4)

About AUDACY, INC.

Audacy, Inc. is a major U.S. audio media company listed on the NYSE/NASDAQ market in the United States under the ticker AUD. The company traces its roots back to 1968, when it was founded as Entercom Communications Corp., and later rebranded as Audacy to reflect a broader multi-platform audio identity. Its corporate headquarters are in Philadelphia, Pennsylvania, at 2400 Market Street. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1067837/000162828024012758/aud-20231231.htm?utm_source=openai)) For investors, Audacy is best understood as a diversified audio platform rather than a pure-play radio broadcaster. The company says it delivers trusted news, sports, music, podcasts, digital experiences, and live events through more than 230 radio brands, premium podcasts, and related digital offerings. Audacy also states that its platform reaches over 200 million listeners each month and that it employs more than 4,000 people. That scale matters because it supports both local audience engagement and national advertising monetization. ([audacyinc.com](https://audacyinc.com/about/?utm_source=openai)) From a business-model perspective, Audacy’s core revenue engine is advertising, supplemented by digital audio monetization, podcast inventory, live events, and distribution partnerships. Its portfolio includes well-known local stations and large-market brands across news, sports, talk, and music formats. The company has also emphasized sports audio as a strategic strength, highlighting its official audio and podcast partnership with Major League Baseball and recent expansion efforts around sports-focused content distribution. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1067837/000162828024012758/aud-20231231.htm?utm_source=openai)) Geographically, Audacy’s footprint is heavily U.S.-centric and concentrated in major metropolitan markets such as New York, Los Angeles, Chicago, Philadelphia, Boston, Dallas, San Francisco, Washington, D.C., and many others. This broad local-market presence gives the company significant reach in radio and audio advertising, but it also leaves results sensitive to advertising trends, audience migration, and the health of local media markets. ([audacyinc.com](https://audacyinc.com/markets/?utm_source=openai)) Recent developments have centered on distribution, measurement, and content partnerships. In 2025 and 2026, Audacy announced collaborations aimed at expanding the reach of its stations and podcasts, strengthening sports-oriented offerings, and improving cross-platform attribution and ad measurement. The company’s recent history also includes a major financial reset: in January 2024, Audacy filed for Chapter 11 bankruptcy protection as part of a prepackaged restructuring to address its debt burden. For equity investors, that history is important because it frames Audacy as a turnaround story in a structurally challenged, but still sizable, audio advertising market. ([audacyinc.com](https://audacyinc.com/press/audacy-and-claritas-introduce-new-enhanced-measurement-capabilities-for-broadcast-and-digital-audio-campaigns/?utm_source=openai))