Founded in 1968 by attorney Joseph M. Field, Audacy (originally named Entercom) came into being to capitalize on the early days of FM broadcasting. The idea sparked when Field realized that FM radio, which was largely ignored at the time in favor of AM stations, had massive untapped potential for the future of audio. He purchased his first FM stations to get in on the ground floor of this emerging technology. Today, the company is still led by his son, David Field, though its ownership structure recently shifted following a financial restructuring, making major investment groups—most notably Soros Fund Management—the primary controlling owners of the company. Today, Audacy is a massive audio and media platform headquartered in Philadelphia, Pennsylvania, with a network of stations operating all across the United States. They cover a wide variety of topics including daily sports, local and national politics, entertainment, and breaking news, delivering this content to millions of listeners through traditional radio broadcasts, digital streaming apps, and podcasts. One interesting fact: A unique fact about Audacy is that it is the second-largest radio broadcaster in the United States, yet the name "Audacy" is relatively new. The company was known as Entercom for over 50 years until it rebranded in 2021 to show its transformation from a traditional radio station owner into a modern digital audio and podcasting giant.