Audacy - M&A Summary and Business Overview

MediaCompany

Audacy M&A Summary

Audacy has acquired 7 companies, including 5 in the last 5 years. It has also divested 1 asset.

Audacy’s largest acquisition to date was in 2015, when it acquired Lincoln Financial Media for $105M. It’s largest disclosed sale occurred in 2018, when it sold Entercom Communications - Radio Stations to Bonneville International for $141M. Audacy has acquired in 3 different US states. The Company’s most targeted sectors include media (86%) and internet software and services (15%).

Audacy Business Overview

Where is Audacy headquartered?

Audacy is headquartered in Philadelphia, Pennsylvania.

What is Audacy’s revenue?

Audacy disclosed revenue of 1,219M USD for 2021 and 1,061M USD for 2020.

How many employees does Audacy have?

Audacy has 3,586 employees.

What sector is Audacy in?

Audacy is a media company.

When was Audacy founded?

Audacy was founded in 1968.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity7
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

Audacy

Audacy, Inc.

2400 Market Street 4th Floor,
Philadelphia, Pennsylvania 19103
United States,
(610) 660-5610
www.audacyinc.com

Audacy is a radio broadcasting company, with a portfolio of 125 highly-rated radio stations. Audacy was incorporated in 1968 and is based in Philadelphia,, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 5 1 1 - - - 7
vol $105M $32M $23M $160M
Sell (0.0/yr) # 1 - - - - - 1
vol $141M $141M
  8

Most Recent M&A

Company Date Value Type
Podcorn Media, Inc. 2021-03-10 23M USD Add-on Acquisition
Beverly Hills, California · www.podcorn.com
QL Gaming Group 2020-11-09 32M USD Add-on Acquisition
New York, New York · www.qlgaminggroup.com
Pineapple Street Media 2019-08-07 - Add-on Acquisition
Brooklyn, New York · www.pineapple.fm
Cadence13 2019-08-07 - Add-on Acquisition
New York, New York · www.Cadence13.com
Cumulus Media, Inc. - NASH FM 94.7 2019-02-13 - Divestiture
New York, New York · www.nashfm947.com
Entercom Communications Corp. - Radio Stations 2018-08-03 141M USD Divestiture
Bala Cynwyd, Pennsylvania
CBS Radio 2017-11-22 - Merger
New York, New York · www.cbsradio.com
Lincoln Financial Media Corp. 2015-07-16 105M USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Media 6 (86%) 128M (80%) 1 (100%) 141M (100%)
Internet Software and Services 1 (14%) 32M (20%) - -
Total 7 $160M 1 $141M

By Geo

State/Country Buy Value Sell Value
United States 7 160M 1 141M
  New York 5 32M - -
  California 1 23M - -
  Pennsylvania - - 1 141M
Total 7 $160M 1 $141M

Deal Values

buy # Total
$100M to $1B 1 $105M
< $100M 2 $55M
TOTAL $160M
Largest Lincoln Financial Media Corp.
$105M (2015-07-16)
sell # Total
$100M to $1B 1 $141M
TOTAL $141M
Largest Entercom Communications Corp. - Radio Stations
$141M (2018-08-03)

M&A Connections

Deals
Acquired from
Strategic(s)
29%
2 (29%)
Divested to
Strategic(s)
100%
1 (100%)

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