Field, FISH, and Fires
pokerindustrypro.com Your local radio correspondent is still trying to make sense of the past year on the local dial and the business in general. Nonetheless, while the (now belated) year in review is still in progress, there’s been some recent news worth highlighting. Clearing the Field: Audacy Chairman David Field has stepped down as the CEO of the broadcasting and audio company after 27 years. There’s different ways to view the departing Audacy CEO. Under Field’s leadership, the company has expanded from 15 stations with $35 million in revenue to its current 230 stations, including the former CBS Radio cluster, and $1.2 billion in revenue. Still, Field has weathered his share of criticism. The company filed for Chapter 11 bankruptcy (from which they emerged in late September 2024 ), restructuring $1.6 billion of debt to $350 million. The company’s stock price now hovers around 15 cents per share from a high in 2000 (as Entercom) at $66 a share. Part of ...