Philadelphia-based radio and podcast company Audacy Inc., which owns stations such as WBBM and WXRT in Chicago, has filed for Chapter 11 bankruptcy protection in Texas. The move comes after the company reached an agreement with creditors to transfer ownership to them in exchange for reducing its debt by $1.6 billion. Audacy stated that its … Continue reading WBBM, WXRT owner Audacy Inc. files for Chapter 11