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David Field Resigns as Audacy CEO; Kelli Turner Steps In

1/29/2025

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Summary

Story summary

David Field resigns as President and CEO of Audacy after 27 years, becoming a Special Advisor.
Kelli Turner, a board member, is named interim CEO during the search for a permanent replacement.
Field led Audacy's growth from $10 million in revenue and 10 stations to a $1.2 billion audio leader.
The company recently exited Chapter 11 bankruptcy, showcasing notable growth and a solid financial outlook.

History

Historical Context

David Field's resignation as CEO of Audacy marks a pivotal moment in the company's evolution. Following its 2017 merger with CBS Radio, Audacy faced significant challenges, including recent bankruptcy. This mirrors the struggles of Cumulus Media in the early 2000s, highlighting the volatile nature of the radio industry amidst consolidation and digital disruption.

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Story summary

David Field resigns as President and CEO of Audacy after 27 years, becoming a Special Advisor.
Kelli Turner, a board member, is named interim CEO during the search for a permanent replacement.
Field led Audacy's growth from $10 million in revenue and 10 stations to a $1.2 billion audio leader.
The company recently exited Chapter 11 bankruptcy, showcasing notable growth and a solid financial outlook.

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