Audacy Corporate is denying a blogger's posting that the company would be filing for bankruptcy. Longtime media critic Jerry Del Colliano posted the column on his Inside Music Media blog Tuesday with the following header:
After the blog posting was Tweeted by non-com WGBH (later deleted), Audacy issued the following Tweet:
The Tweet was followed later in the evening Tuesday with a statement attributed to Audacy CEO David Field:
I am reaching out to address some fake news from an industry troll about Audacy that is currently circulating.
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.
As you have heard from me and others on our leadership team, we are excited and confident in our future and focused on capitalizing effectively on the acquisitions, investments and enhancements we have made to position the company for a bright future in the dynamic, growing world of audio. With the additions of a strong leadership position in podcasting, a meaningfully enhanced national sales organization, the rollout of a new, reimagined digital platform, emerging ad tech and data capabilities, plus the industry’s best local radio group with an unrivaled #1 position in news and sports, Audacy is better positioned than ever to serve customers and audiences with greater revenue and earnings potential under normalized market conditions.
Field stated the matter would be pursued legally. Stay Tuned.
No comments:
Post a Comment