Reve-News: Audacy received approval for its reorganization plan from US Bankruptcy Court, with FCC approval remaining as the final hurdle before emerging from the Chapter 11 process. "We have achieved a speedy confirmation of our prepackaged plan, which will enable Audacy to pursue our strategic goals and opportunities in the dynamic audio business,” says Pres./CEO David Field. The plan outlines an 80% reduction of funded debt from $1.9 billion to $350 million. Full court documents here.