Audacy Refutes Report Over Bankruptcy Looming
“A blog post published today falsely claimed that Audacy’s CEO confirmed Audacy’s bankruptcy,” the statement said on Twitter.
A report on Tuesday from Jerry Del Colliano stated that Audacy CEO David Field was moving the company towards bankruptcy. That didn’t sit well with Field or Audacy officials who have rejected the report and announced plans to explore legal remedies against the radio industry reporter and his website.
Del Colliano suggested that Field’s inability to play well with others led to the CBS Radio merger being botched, multiple rounds of layoffs taking place in recent years, and the company enduring low stock prices, which has created concern about the company being delisted in the future.
The report went on to suggest that Field has been checking off all the boxes of his biggest competitors, Cumulus and iHeartMedia, who also went bankrupt. Del Colliano added that a responsible board would have replaced management, but now the company is riding towards Chapter 11.
What really caused confusion though was the headline used in Del Colliano’s report, “David Field Confirms Audacy’s Bankruptcy.” Others on social media began sharing and promoting the news as fact including a Boston radio host named Henry Santoro of WGBH Radio. Santoro’s tweet caught the attention of both Barstool Sports founder Dave Portnoy and Barstool host and former WEEI personality Kirk Minihane, who each offered an opinion on the news. The tweet stayed up most of the day, being seen and shared often before it was removed on Tuesday night.
Audacy released a statement on Twitter strongly pushing back against these claims. The company said, “A blog post published today falsely claimed that Audacy’s CEO confirmed Audacy’s bankruptcy. That statement is categorically untrue. Audacy intends to vigorously pursue all available remedies for false statements meant to cause damage to Audacy and its stakeholders.”
Furthermore, in an internal memo to staff, Field also refuted the reporting done by Del Colliano, calling the information “unequivocally untrue.”
“I am reaching out to address some fake news from an industry troll about Audacy that is currently circulating,” Field said in a memo obtained by Barrett News Media. “An industry blog post published today falsely claimed that “David Field confirms Audacy’s bankruptcy.”
“That statement is categorically and unequivocally untrue. Audacy intends to pursue all applicable remedies for false and defamatory statements meant to cause damage to Audacy, its employees and its stakeholders to the fullest extent of the law.”
Field ended the memo by reinforcing his excitement and confidence in the conpany’s future and said he is focused on capitalizing effectively on the acquisitions, investments and enhancements that have been made to set up the company for a bright future. He concluded by telling employees that Audacy is in a strong position to serve customers and audiences with greater revenue and earnings potential under normalized market conditions.
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at firstname.lastname@example.org.
1110 KFAB Adds Emery Songer as Afternoon Host
“My wife and I can’t wait to be a part of the Omaha community and meet all the amazing people that make this city move.”
1110 KFAB has added Emery Songer as the station’s new afternoon host.
Songer has previously worked as the morning show producer at 1040 WHO in Des Moines since 2018. Both stations are owned by iHeartMedia.
“I’m incredibly excited for this opportunity to be a part of Omaha and the KFAB team,” said Songer. “My wife and I can’t wait to be a part of the Omaha community and meet all the amazing people that make this city move.”
He will begin on Monday, June 26th. The afternoon show will be heard from 2:00-6:00 PM.
“Emery will continue KFAB’s nearly 100-year-old tradition of on-air personalities who are passionate about connecting with the community we serve,” said 1110 KFAB Program Director Scott Voorhees. “It’s not about hammering an agenda; it’s about entertaining and relevant conversations of interest to Omaha/Council Bluffs and the surrounding area.”
Joe Pags: Viewers Would Give CNN Another Try if John Catsimatidis Bought It
“People are willing to come back. People are willing to see what you would do.”
77 WABC owner John Catsimatidis has publicly shared he’d be interested in purchasing CNN, and would only command a $1 yearly salary to have the opportunity to operate the station. Joe Pags believes it could be exactly what the network needs.
During a conversation with Catsimatidis Thursday evening, Pags shared that his listeners had simply written off CNN.
“Early on in the program, I mentioned that you were making an offer for CNN. I opened up my phone lines, and they melted down,” said Pags. “I asked my listeners: Would you give CNN another chance? Now, John, my listeners don’t wanna give CNN another chance.
“But when I asked them that question and I told them who you were and the offer that you were making, they — to a person — said ‘Yeah, I’ll give them another try’. So people are willing to come back. People are willing to see what you would do.”
Pags then asked if there was a realistic possibility that Catsimatidis could purchase the network from Warner Bros. Discovery.
“I think it’s real. I think it could happen, but we need some common sense to preside,” Catsimatidis said.
Megyn Kelly: Fox Wants to ‘Keep Tucker Carlson Muzzled’ Through 2025
“He was not fired, he was just booted off the show. They continue to pay him because they want to keep him muzzled through at least 2025.”
On Thursday’s episode of The Megyn Kelly Show, Megyn Kelly spoke with Chadwick Moore, author of the forthcoming book Tucker, to talk about Tucker Carlson’s first Tucker on Twitter episode and the news surrounding Fox’s reputation as a network post-Tucker.
Megyn Kelly started the show with a clip from the first episode of Tucker on Twitter, then followed up with the response he received from Fox lawyers.
“He reportedly got a letter from Fox News saying you breached your contract. You are required to stay exclusive to us because remember, as I first reported, he was not fired, he was just booted off the show. They continue to pay him because they want to keep him muzzled through at least 2025.
“Fox’s lawyer said something about him rendering services? Well, I don’t know if he’s actually rendering services if it’s not getting paid. What I was told initially is that Twitter is not mentioned in his noncompete, and that is why I suppose that Fox News employees are allowed to use Twitter to express their opinions on issues of the day and that would be apparently what Tucker did in this.”
“He’s not making money, he’s not an employee of Elon Musk or partnering with Elon Musk in any way and Fox people have said that they’re committed to keeping him off the air until 2025, until after the election is over and his contract runs out in early 2025,” said Moore.
“I’m gonna get into the ratings but they’re absolutely abysmal in his time slot throughout the prime time,” Kelly argued. “I don’t know if we’re calling there’s a boycott or just people are done, it’s not like a temporary thing.”
She then looked to her notes for the yearly comparison, “Year over year Fox lost 62%.“
Maddy Troy serves as a writer and editor for Barrett News Media, with a specific focus on media business, advertising, and podcasting. You can find her on Twitter @Troy_Maddy.