On the Record · Audacy
Audacy acquisitions, on the record
The businesses Audacy bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Pineapple Street Media ("Pineapple")Word for word“On July 19, 2019, we completed a transaction to acquire the assets of Pineapple Street Media ("Pineapple") for a purchase price of $14.0 million in cash plus working capital (the "Pineapple Acquisition").” 10-K for 2021 | acquisition | July 19, 2019 | $14.0 million in cash plus working capital |
Cadence13, Inc. ("Cadence13")Word for word“In October 2019, we completed an acquisition of podcaster Cadence13, Inc. ("Cadence13") by purchasing the remaining shares in Cadence13 that we did not already own (the "Cadence13 Acquisition").” 10-K for 2021 | acquisition | October 2019 | — |
Podcorn Media, Inc. ("Podcorn")Word for word“In March 2021, we completed an acquisition of podcast influencers marketplace, Podcorn Media, Inc. ("Podcorn") for $14.6 million in cash plus working capital and a performance-based earn out which is based upon the achievement of certain annual performance benchmarks over a two year period (the "Podcorn Acquisition").” 10-K for 2021 | acquisition | March 2021 | $14.6 million in cash plus working capital and a performance-based earn out |
QL Gaming Group ("QLGG")Word for word“In November 2020, we completed the acquisition of sports data and iGaming affiliate platform QL Gaming Group ("QLGG") in an all cash deal for approximately $32 million (the "QLGG Acquisition").” 10-K for 2021 | acquisition | — | — |
WideOrbit's digital audio streaming technology business (WideOrbit Streaming, operated as AmperWave)Word for word“On October 20, 2021, we completed an acquisition of WideOrbit's digital audio streaming technology and the related assets and operations of WideOrbit Streaming for approximately $40.0 million (the "WideOrbit Streaming Acquisition").” 10-K for 2021 | acquisition | October 20, 2021 | approximately $40.0 million |
Radio stations disposed of in 2019 (various non-core assets and certain radio stations)Word for word“During the year ended December 31, 2019, we disposed of various non-core assets and certain radio stations and recorded a gain of $2.3 million in net gain/loss on sale or disposal of assets.” 10-K for 2021 | divestiture | During the year ended December 31, 2019 | gain of $2.3 million |
WideOrbit Streaming (operated as AmperWave)Word for word“On October 20, 2021, we completed an acquisition of WideOrbit's digital audio streaming technology and the related assets and operations of WideOrbit Streaming for approximately $40.0 million (the "WideOrbit Streaming Acquisition").” 10-K for 2022 | acquisition | On October 20, 2021 | approximately $40.0 million |
Land and equipment in Las Vegas, Nevada, and an FCC licenseWord for word“During the year ended December 31, 2022, we entered into an agreement to dispose of land, equipment and an FCC license in Las Vegas, Nevada.” 10-K for 2022 | divestiture | During the year ended December 31, 2022 | — |
Land and equipment in Houston, TexasWord for word“During the second quarter of 2022, the Company entered into an agreement with a third party to dispose of land, and equipment in Houston, Texas.” 10-K for 2022 | divestiture | During the second quarter of 2022 | — |
Real property sold through a third party Qualified IntermediaryWord for word“Total proceeds from the sale resulted in a gain of approximately $2.5 million.” 10-K for 2022 | divestiture | — | gain of approximately $2.5 million |
Podcorn Media, Inc.Word for word“In March 2021, we completed an acquisition of podcast influencer marketplace, Podcorn Media, Inc. ("the Podcorn Acquisition").” 10-K for 2023 | acquisition | March 2021 | — |
WideOrbit's audio streaming and advertising technology business ("WO Streaming")Word for word“In October 2021, we completed an acquisition of WideOrbit's audio streaming and advertising technology business (“WO Streaming”).” 10-K for 2023 | acquisition | October 2021 | — |
tower assetsWord for word“During the first quarter of 2023, the Company completed the sale of tower assets for $ 16.9 million.” 10-K for 2023 | divestiture | first quarter of 2023 | $ 16.9 million |
land, building and equipment located in Boston, MassachusettsWord for word“During the first quarter of 2024, the Company completed the sales of land, building and equipment located in Boston, Massachusetts for aggregate proceeds of $ 14.4 million.” 10-K for 2023 | divestiture | first quarter of 2024 | $ 14.4 million |
land, equipment and an FCC license in Las Vegas, NevadaWord for word“During the third quarter of 2022, the Company entered into an agreement to dispose of land, equipment and an FCC license in Las Vegas, Nevada.” 10-K for 2023 | agreed divestiture | third quarter of 2022 | — |
| Fiscal year ended | Goodwill from acquisitions |
|---|---|
| 2016-12-31 | $0 |
| 2017-12-31 | $821 million |
| 2018-12-31 | $24.7 million |
| 2019-12-31 | $46.7 million |
| 2020-12-31 | $18.3 million |
| 2021-12-31 | $20.1 million |
| 2022-12-31 | $0 |
Deal filings since 2016
- 2024-10-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-08-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-01-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-01-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-12-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-11-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-11-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-11-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-11-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-10-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-01-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-10-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-07-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-07-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-12-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-05-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-09-26 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-12-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-17 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-09-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-07-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-05-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-02-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-11-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Audacy’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-03-22. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.