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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

BusinessDealWhenValue
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
acquisitionJuly 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
acquisitionOctober 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
acquisitionMarch 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
acquisitionOctober 20, 2021approximately $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
divestitureDuring the year ended December 31, 2019gain 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
acquisitionOn October 20, 2021approximately $40.0 million
Land and equipment in Las Vegas, Nevada, and an FCC license
Word 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
divestitureDuring the year ended December 31, 2022—
Land and equipment in Houston, Texas
Word 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
divestitureDuring the second quarter of 2022—
Real property sold through a third party Qualified Intermediary
Word 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
acquisitionMarch 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
acquisitionOctober 2021—
tower assets
Word for word“During the first quarter of 2023, the Company completed the sale of tower assets for $ 16.9 million.” 10-K for 2023
divestiturefirst quarter of 2023$ 16.9 million
land, building and equipment located in Boston, Massachusetts
Word 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
divestiturefirst quarter of 2024$ 14.4 million
land, equipment and an FCC license in Las Vegas, Nevada
Word 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 divestiturethird quarter of 2022—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedGoodwill 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

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.