Audacy, 2nd largest radio operator, files for bankruptcy protection

[kungfudoi]

https://www.thestreet.com/investing/audacy-2nd-largest-radio-operator-files-for-bankruptcy-protection

[toomuchtodo]

Overlevered in an industry in structural decline.

> Ad revenue has been falling, and Audacy expanded way too much, taking on nearly $2 billion in debt that it couldn't service.

[Spivak]

If the airwaves as broadcast media ever truly die out is there anything else cool you could do with existing radios or the fm spectrum?