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Audacy Inc

Largest U.S. radio company Audacy files for bankruptcy protection

The New York Stock Exchange welcomes executives and guests of Audacy (NYSE: AUD), today, Friday, April 9,2021, in celebration of its recent company rebrand.NYSEAudacy, the radio and podcast giant, said Sunday it filed plans for Chapter 11 bankruptcy protection in Texas to reduce its debt.The restructuring agreement will allow Audacy to slash its total debt load by 80% to about $350 million from around $1.9 billion, the company said."Over the past few years, we have strategically transformed Audacy into a leading, scaled…

Shaw Communications, Li Auto, Southwest and others

Check out the companies making headlines before the bell:Shaw Communications (SJR) – Canada's Competition Tribunal dismissed an attempt by the country's competition watchdog to block the $26 billion acquisition of the telecom company by rival Rogers Communications (RCI). Shaw surged 10.1% in the premarket, while Rogers gained 0.4%.Li Auto (LI) – Li Auto said it expected to deliver more than 20,000 of its electric vehicles this month, higher than the 14,087 the China-based EV maker delivered in December 2021.Southwest…