Following a bankruptcy process, Audacy has laid off between 200 and 300 employees, demonstrating continued challenges for the broadcast radio industry. This event, referred to as "Black Thursday" by columnist Fred Jacobs, reflects the industry's struggles with stock performance and investor interest. Audacy, which operates over 230 stations, also made notable changes, including the layoffs of the entire air staff at WHHL in St. Louis as it shifts programming focus ahead of the 2025 MLB season.
Five weeks after completing a bankruptcy process, Audacy conducted layoffs affecting 200 to 300 employees, signalling ongoing instability in the broadcast radio industry.
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