Virginia Beach will move forward with Audacy's festival dailypress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypress.com Daily Mail and Mail on Sunday newspapers.
In December, the City Council agreed to provide Audacy with $750,000 and in-kind city services for its spring festival in exchange for national advertising that will promote travel and tourism in Virginia Beach.
VIRGINIA BEACH — Audacy, a national radio company with a local presence that will produce a large-scale festival for Virginia Beach at the end of April, has filed for Chapter 11 bankruptcy protection as a result of shrinking advertising dollars. “The perfect storm of sustained macroeconomic challenges over the past four years facing the traditional advertising market has led to a sharp .