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PostPosted: Wed Nov 15, 2023 10:19 pm 
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Nardi wrote:
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The company's total senior debt stood at $1.9 billion, with total shareholders' equity at $126.6 million, a decrease from $520.6 million at the end of the previous year.


I have dug deeper. They have put interest payments on hold with deferrals on the grace period ahead of default. This is coming to a head any day. It should be a prepack filing.

For what it’s worth, their sports radio stations have flattish revenue, while every other genre is in the tank.

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PostPosted: Wed Nov 15, 2023 10:44 pm 
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It was boring. I feel bad for Leila. Sounds like her life sucks.

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PostPosted: Wed Nov 15, 2023 10:52 pm 
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denisdman wrote:
Nardi wrote:
Quote:
The company's total senior debt stood at $1.9 billion, with total shareholders' equity at $126.6 million, a decrease from $520.6 million at the end of the previous year.


I have dug deeper. They have put interest payments on hold with deferrals on the grace period ahead of default. This is coming to a head any day. It should be a prepack filing.

For what it’s worth, their sports radio stations have flattish revenue, while every other genre is in the tank.

Not because of sports programming though. It's gambling that's keeping it afloat and once that industry's pecking order gets ironed out, that revenue will drop too.

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PostPosted: Wed Nov 15, 2023 11:14 pm 
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True, sports radio revenue was flat.

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PostPosted: Wed Nov 15, 2023 11:21 pm 
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denisdman wrote:
True, sports radio revenue was flat.

So is your mom.

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PostPosted: Thu Nov 16, 2023 9:14 am 
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denisdman wrote:
It was boring. I feel bad for Leila. Sounds like her life sucks.


Why is that? This is the apex of her career so far.

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PostPosted: Thu Nov 16, 2023 11:56 am 
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good dolphin wrote:
denisdman wrote:
It was boring. I feel bad for Leila. Sounds like her life sucks.


Why is that? This is the apex of her career so far.


Dude she is seriously depressed. Listen to the podcast. She wants to exit the medium given all the harassment.

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PostPosted: Thu Nov 16, 2023 12:00 pm 
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denisdman wrote:
good dolphin wrote:
denisdman wrote:
It was boring. I feel bad for Leila. Sounds like her life sucks.


Why is that? This is the apex of her career so far.


Dude she is seriously depressed. Listen to the podcast. She wants to exit the medium given all the harassment.

I forget who said it but "that's what the money is for"

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PostPosted: Thu Nov 16, 2023 12:10 pm 
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Was larry his awkward girly self when in the presence of another girl?

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PostPosted: Thu Nov 16, 2023 12:19 pm 
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RFDC wrote:
Was larry his awkward girly self when in the presence of another girl?

I don't know but the podcast was in a nail salon.

just a joke, i continue to personally like both people.

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PostPosted: Thu Nov 16, 2023 1:27 pm 
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Nardi wrote:
denisdman wrote:
good dolphin wrote:
denisdman wrote:
It was boring. I feel bad for Leila. Sounds like her life sucks.


Why is that? This is the apex of her career so far.


Dude she is seriously depressed. Listen to the podcast. She wants to exit the medium given all the harassment.

I forget who said it but "that's what the money is for"


don draper. He also had to explain it to a woman

Image

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PostPosted: Wed Dec 06, 2023 8:40 am 
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Down 92% 6/30/23 RSS previous year.
Down another 89% not yet 6 months after RSS.

$100,000 on 6/30/22 now $880.


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PostPosted: Wed Dec 06, 2023 9:57 am 
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vitoscotti wrote:
Down 92% 6/30/23 RSS previous year.
Down another 89% not yet 6 months after RSS.

$100,000 on 6/30/22 now $880.


There has to be some reason to keep coming in and turning on the lights. What? I don't know.

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PostPosted: Wed Dec 06, 2023 10:50 am 
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Audacy Market cap is $1.14 million

Is that 'yikes' or 'gross'? It might be grikes!

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PostPosted: Wed Dec 06, 2023 11:06 am 
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pittmike wrote:
vitoscotti wrote:
Down 92% 6/30/23 RSS previous year.
Down another 89% not yet 6 months after RSS.

$100,000 on 6/30/22 now $880.


There has to be some reason to keep coming in and turning on the lights. What? I don't know.


There is a lot of value in the business. But in cases where the debt load is this massive, all of the value is held by the creditors. That is why the equity (shareholder) value is nil. They are restructuring the debt as evidenced by the filings. They appear to be working towards either an out of B/K court settlement to recapitalize the business or a prepackaged bankruptcy filings (most likely). The creditors will own the company when this is all done.

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PostPosted: Wed Dec 06, 2023 11:14 am 
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denisdman wrote:
pittmike wrote:
vitoscotti wrote:
Down 92% 6/30/23 RSS previous year.
Down another 89% not yet 6 months after RSS.

$100,000 on 6/30/22 now $880.


There has to be some reason to keep coming in and turning on the lights. What? I don't know.


There is a lot of value in the business. But in cases where the debt load is this massive, all of the value is held by the creditors. That is why the equity (shareholder) value is nil. They are restructuring the debt as evidenced by the filings. They appear to be working towards either an out of B/K court settlement to recapitalize the business or a prepackaged bankruptcy filings (most likely). The creditors will own the company when this is all done.

How when revenues have tanked due to industry...uh...death?

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PostPosted: Wed Dec 06, 2023 11:21 am 
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They are cutting costs to align revenues with expenses. They produce significant cash flow. Their current problem is hefty interest expense and liquidity.

The balance sheet will be restructured, and then it is likely it will be sold off in pieces.

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PostPosted: Wed Dec 06, 2023 11:25 am 
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denisdman wrote:
They are cutting costs to align revenues with expenses. They produce significant cash flow. Their current problem is hefty interest expense and liquidity.

The balance sheet will be restructured, and then it is likely it will be sold off in pieces.

Good luck with that. Once the gambling industry realigns, that revenue will dry up too. Selling windows ain't cutting it. So they better hurry up and sell those 'pieces'.

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