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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.

Eduardo Razo

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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.

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Mike Gallagher Raising Funds For Hurricane Ian Relief

“This is what radio does best: opening the hearts and wallets of listeners to help fellow Americans they will likely never meet,” Gallagher said.

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Mike Gallagher spent his Monday radio show broadcasting from various locations around southwest Florida after Hurricane Ian ravaged areas of the region last week.

Gallagher has partnered with Food For The Poor, a non-profit relief organization, to bring flood relief and hurricane emergency kits to areas affected by the Category 4 storm.

“This is what radio does best: opening the hearts and wallets of listeners to help fellow Americans they will likely never meet,” Gallagher said. He spent a portion of his show broadcasting from a car dealership in Venice, Florida, which saw several automobiles damaged by falling trees, power lines, and debris.

A Tampa resident, Gallagher was forced to relocate his show to New York last week to remain on the air as Hurricane Ian barreled down on the Florida coast.

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Chris Stigall Inks Extension With AM 990 The Answer

He continued by saying he is “so grateful, and blessed, and humbled to be able to continue to do this and call this my job and talk to you every day.

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AM 990 The Answer morning host Chris Stigall has signed a multi-year extension with the Salem Media Group-owned station.

“I will be staying put with Philadelphia’s AM 990 The Answer, every morning in Philadelphia, for the next three years,” Stigall said on his podcast.

He continued by saying he is “so grateful, and blessed, and humbled to be able to continue to do this and call this my job and talk to you every day. It is never lost on my what a privilege it is that God has blessed me with the ability to do this for a job.”

Stigall also announced a one-year extension for his show on KCMO in Kansas City to continue.

“Since the day Chris began with Philadelphia’s AM 990 The Answer, he has engaged Philadelphians in intelligent and relevant conversation that has served to entertain and stimulate much thought in the minds of our audience,” Salem Philadelphia General Manager Lorenzo Caldara said. “He has secured such an attentive audience that can’t wait to listen and call in to him everyday Monday through Friday.”

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Nick Kayal: Joy Reid ‘Queen of Picking Low-Hanging Fruit’

“Don’t be a jerk, don’t go into someone else’s house and ransack their property, and loot and steal. Of course, that’s the opening of the door — the green light — for MSNBC to cry racism and that’s exactly what Joy Reid did.”

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During the debut of Kayal and Company on 1210 WPHT in Philadelphia Monday morning, new host Nick Kayal blasted MSNBC host Joy Reid for her weekend comments comparing Governor Ron DeSantis (R-FL) to prominent segregationists of the 1960s.

During a press conference, DeSantis told reporters Florida residents shouldn’t even think about looting the vacant homes of those evacuated during Hurricane Ian. Reid took to Twitter to point out the racial history of the “when the looting starts, the shooting starts” mindset.

“Don’t be a jerk, don’t go into someone else’s house and ransack their property, and loot and steal. Of course, that’s the opening of the door — the green light — for MSNBC to cry racism and that’s exactly what Joy Reid did. The MSNBC host said Ron DeSantis’ warning to looters in Ian’s aftermath is like a racist threat from segregationist era. Joy Reid is on her show and they’re discussing all the pertinent issues we’re fascinated by. Global warming, climate change, and then of course Hurricane Ian. And then, of course, they’ve got to play the clip of Ron DeSantis and she goes to Twitter — Joy Reid’s personal Twitter page — to bash DeSantis for warning potential criminals against looting the evacuated homes of Hurricane Ian survivors in Florida.”

Kayal then read a portion of a news story describing Reid’s actions in response to the comments made by DeSantis.

“Obviously, Ron DeSantis, clearly a racist,” Kayal said sarcastically. “Clearly going back to the ’60s. Of course, it’s low-hanging fruit. And Joy Reid — the queen of picking low-hanging fruit — immediately goes to her played out, tired card.”

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