Audacy, a prominent player in the radio broadcasting and podcasting industry, has faced significant challenges in recent months, culminating in a major round of layoffs. The company, which emerged from Chapter 11 bankruptcy in September 2024, has cut approximately 200 jobs as part of a broader effort to streamline operations and position itself for long-term success. These layoffs, which began on Thursday, are the latest step in Audacy’s bid to stabilize its finances and adapt to the rapidly changing media landscape. While the exact number of employees affected was not officially disclosed, sources close to the matter have revealed that the cuts span multiple departments and markets across the U.S.
The layoffs have understandably caused concern and sadness within the company, as talented individuals who have contributed significantly to Audacy’s programming and reputation have been let go. Among those affected are several well-known personalities and experienced professionals in key markets. For instance, Johnny Dare, the morning show host at KQRC in Kansas City, was one of the high-profile casualties. Similarly, Brian “Ponch” Hudgens and Nikki Vivas, who hosted “The Point” on KZPT in Kansas City, were also let go. In New York, Marc Ernay, the sports director and morning anchor for 1010 WINS, lost his position, while in Los Angeles, KNX News’ Alex Silverman and Charles Feldman were among those impacted. Other notable names include J.R. Cruz from KEYN in Wichita, Kansas, and Adam Spolane from Houston’s Sportsradio 610. These cuts highlight the human cost of the restructuring and the challenges faced by the company as it navigates a competitive and evolving industry.
Audacy’s decision to reduce its workforce comes as part of a larger strategy to emerge stronger and more resilient in the wake of its financial struggles. The company filed for bankruptcy last year in an effort to reduce its significant debt burden. With the support of its new ownership group, led by Soros Fund Management, Audacy has been working to restructure its operations and refocus on its core mission of delivering high-quality content to listeners while maintaining its appeal to advertisers. The company’s spokesperson emphasized that these changes are necessary to remain competitive in a media environment that is increasingly dominated by digital platforms and streaming services.
The layoffs are just one part of Audacy’s broader transformation. The company is also in the process of searching for a new CEO, following the departure of David Field in January 2024. Kelli Turner, a member of the company’s board, has been appointed as interim CEO to guide Audacy through this transitional period. As the company looks to the future, it is focusing on leveraging its vast network of resources, including its 230-plus broadcast radio stations across 47 U.S. markets, as well as its podcasting ventures, such as Pineapple Street Studios and Podcorn. These assets position Audacy as a major player in the audio entertainment space, but the company must continue to adapt to changing consumer habits and technological advancements.
Audacy’s history is a testament to its resilience and adaptability. Originally known as Entercom Communications, the company has a long-standing presence in the radio industry, dating back decades. In 2017, Entercom expanded its reach significantly by acquiring CBS Radio, which added 240 stations to its portfolio, including the digital platform Radio.com. While Radio.com was eventually shut down in 2021, the acquisition underscored Audacy’s ambition to remain a dominant force in the radio and digital audio sectors. Today, as the second-largest radio station group in the U.S., behind only iHeartMedia, Audacy continues to grapple with the challenges of a shifting media landscape, where traditional radio competes with podcasts, streaming services, and other digital platforms for listeners’ attention.
As Audacy moves forward, the company faces a critical juncture in its history. The layoffs, while painful, are part of a broader effort to ensure the company’s survival and success in the years to come. With a new ownership structure, a search for a permanent CEO, and a renewed focus on its core strengths, Audacy is working to position itself as a leader in the evolving world of audio entertainment. While the road ahead will undoubtedly be challenging, the company’s rich history, extensive network of stations, and commitment to innovation provide a solid foundation for its future endeavors. For now, Audacy remains a key player in the U.S. media landscape, even as it navigates the uncertainties of a rapidly changing industry.
