Audacy proceeds with the sale of its Boston properties amid Chapter 11 restructuring, following the recent sale of its Phoenix studios. The Needham, MA property, home to radio towers for WEEI-AM 850, is set for $3.5 million to American Tower Corp. Another deal, with “83 Leo Property Owner LLC,” includes a potential $11.1 million at closing and a leaseback agreement for $40,000 monthly rent. These sales, initiated in 2022, await approval from US Bankruptcy Judge Christopher López. The anticipated cash influx, including from previous equity interests, aids Audacy’s financial stability amid ongoing restructuring efforts.