KYW and WIP’s parent company, Audacy, has lost $1 billion since 2018. Execs say it can survive.

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Daily News | KYW and WIP’s parent company, Audacity, has lost $1 billion since 2018. Execs say it can survive.

with the Philadelphia radio giant’s stock price trading substantially below a $1 share, lower than the early weeks of the pandemic.

“We’ve all had some tough knocks,” Richard J. Schmaeling, the chief financial officer, told analysts last month in a conference. “But we think we can muscle our way through what looks to be a slowdown.”

 

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