Audacy, facing delays from the FCC in approving its restructuring plan, has filed an Emergency Motion in the U.S. Bankruptcy Court to extend a forbearance period expiring on August 19. The extension, if granted, would give Audacy until September 30 to continue operations without meeting certain financial obligations. The delay in FCC approval is due to Republican scrutiny of George Soros’ involvement in Audacy’s debt acquisition, raising concerns about foreign influence in U.S. media. Despite this, Audacy remains optimistic about its restructuring approval and has shown improved financial performance in Q2 2024.