Audacy received an emergency extension from the US Bankruptcy Court, allowing it until September 30 to meet debt maturities, pending FCC approval for its restructuring plan. The extension was granted due to delays in FCC approval, necessary for Audacy to exit Chapter 11 bankruptcy. Meanwhile, Senator Ted Cruz has pushed for a full FCC Commission vote on whether George Soros’ Soros Fund Management can become Audacy’s majority shareholder, complicating the approval process amidst political scrutiny.