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Audacy
Audacy is a multi-platform audio and entertainment company reaching 200 million monthly listeners across 230+ radio stations and digital platforms.
Audacy
Audacy was formed through the 2021 merger of Entercom and CBS Radio, creating a combined entity that operates over 230 radio stations in 48 US markets. The firm is publicly traded and not a family office or asset manager; it is an operating media company with a corporate structure. Audacy's revenue comes from advertising sales across its radio and digital properties, plus growing podcast and on-demand audio subscriptions. The company owns premium sports rights including broadcasts for NFL, NBA, and MLB teams, and operates the Audacy Podcast Network with original programs across news, sports, and entertainment. Key portfolio assets include major market stations like WFAN (New York), 1010 WINS (New York), and KROQ (Los Angeles). The firm employs over 4,000 people across its corporate headquarters in Philadelphia and a New York corporate office, plus local station teams in all 48 markets. In May 2024, Audacy completed its emergence from Chapter 11 bankruptcy, restructuring debt and appointing new board members (per company filings, 2024). Audacy's structural differentiator is its hybrid local-national model: it owns the largest US AM/FM station portfolio while simultaneously investing in digital audio and podcast infrastructure. This dual distribution gives the company a cost advantage in content production and local advertising sales that pure-play streaming competitors lack.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Philadelphia
Corporate office
Philadelphia, PA, United States
Additional offices
345 Hudson Street, 10th Floor, New York, NY, 10014
Sector focus
Frequently asked questions
Who runs investment decisions at Audacy?
Audacy is a publicly traded operating company rather than a family office or investment firm. Investment decisions are made by the board of directors and executive management, currently led by CEO David Field and CFO Kevin Garrity (per the firm's website, 2025).
How does Audacy source proprietary deal flow?
Audacy does not operate as an investment firm; it sources content and distribution deals through its network of radio stations and digital platforms. The company evaluates partnership and acquisition opportunities in audio content, podcasting, and advertising technology.
Is Audacy structured as a single family office or does it operate more like a venture firm?
Neither. Audacy is a publicly traded media company listed on the New York Stock Exchange under the ticker AUD. It is not a family office, asset manager, or private fund.
Does Audacy participate in fund commitments or only direct deals?
Audacy does not participate in fund commitments. It is an operating media company that generates revenue from audio content and advertising, not from investment allocations.
What investment stages does Audacy typically target?
Audacy does not target investment stages. The company focuses on organic growth of its radio and digital platforms, plus occasional strategic acquisitions of content or technology assets to enhance its audio distribution network.
Which sectors does Audacy explicitly avoid?
Audacy does not publish an avoided-sector list. As a media company, its operations are concentrated exclusively in audio content, radio broadcasting, podcasting, and related advertising.
How is Audacy related to any family office or spinout?
Audacy has no known relationship with any family office or investment spinout. It is a standalone public company that traces its corporate lineage to the merger of Entercom and CBS Radio in 2021.
Where does the underlying wealth come from?
Audacy is not a family office and has no underlying wealth origin. It is a publicly traded corporation whose equity is held by institutional and retail shareholders.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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