Audacy, Inc. (the “Company” or “Audacy”) announced a leadership transition under which David J. Field is stepping down as President and Chief Executive Officer (“CEO”) and as a member of the Board of Directors (“Board”). The Company’s Board has appointed Kelli Turner, current Audacy Board member, as interim President and CEO, effective immediately.

The Board has commenced a search for a permanent CEO. Mr. Field will continue to serve in a new position as Special Advisor to the CEO and the Board.

“David has left an indelible mark on the industry, growing Audacy from a few small radio stations into a scaled multi-platform audio content and entertainment powerhouse,” said Michael Del Nin, Chairman of the Board. “He has built a great company with leading positions across the country’s largest markets and an outstanding portfolio of exclusive, premium audio content. Under David’s dedicated leadership, Audacy has been positioned for long-term success, and we look forward to working with Kelli and the entire team as the company begins its next exciting chapter.”

“Since I joined Audacy, then Entercom, we have grown from $10 million in revenues with ten niche radio stations into a $1.2 billion, multi-platform audio leader with one of the country’s two scaled radio broadcast groups, one of the largest podcast networks and the unrivaled top position in sports audio,” said David J. Field. “Audacy recently completed a very successful 2024, delivering industry-leading EBITDA growth of more than 70% through the third quarter and significant revenue share gains across our radio and digital businesses. With the company in a strong competitive and financial position, now is the optimal time to pass the baton to new leadership. I am deeply proud of our extraordinary team and everything we have accomplished for our listeners, customers, partners, and communities. The company is in great hands, and I look forward to seeing the next chapter of Audacy's success.”

Ms. Turner is an accomplished leader who has served on the Audacy Board since September 2024. Ms. Turner has also served on the boards of directors of several advertising and music technology companies, including DoubleVerify, Downtown Music Holdings, and Central European Media Enterprises Ltd. Ms. Turner was most recently Managing Director and Chief Financial Officer of Sun Capital Partners, a leading private investment firm. Prior to joining Sun Capital Partners, she was President and Chief Operating Officer of SESAC Holdings, a leading music licensing and rights management company owned by Blackstone. She has also served in various executive and leadership roles in the investment and media industries, including RSL Group, Martha Stewart Living, Time Warner, Allen & Company, and Citigroup. Ms. Turner earned a Bachelor of Business Administration from the University of Michigan Ross School of Business and a Juris Doctor from the University of Michigan Law School.

About Audacy

Audacy, Inc. is a leading scaled, multi-platform audio content and entertainment company that connects with 200 million consumers. Powered by its exclusive, premium audio content that includes unrivaled leadership positions in news and sports radio, Audacy operates one of the country’s two scaled radio broadcasting groups, a rapidly growing direct-to-consumer digital audio platform, multiple audio networks, a major event business and a leading, award-winning podcast studio and network. Learn more at www.audacyinc.com, Facebook, X, LinkedIn and Instagram.

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