Audacy resolves dispute with BMI for $25m, clearing way for BMI’s sale – Uptrends
A potential major roadblock to the sale of performance rights organization BMI was cleared, after a US court agreed to a dispute settlement between BMI, its new owners and financially troubled radio/podcast company Audacy. Philadelphia-headquartered Audacy, the US’s second-largest radio station owner by revenue, which is in the midst of bankruptcy proceedings, had threatened … Read more
