Audacy, the publicly-traded radio and podcast company formerly known as Entercom, announced plans to file for Chapter 11 bankruptcy protection Sunday.
Why it matters: Audacy is the second-largest radio broadcaster in the country, and controls some of the most popular radio stations in major markets, such as WFAN sports-talk radio in New York and KRTH in Los Angeles.
The NFL made up 93 of the top 100 broadcast programs last year, according to a Sportico report citing Nielsen ratings. That's up from 82 last year and 72 in 2020.
Why it matters: As on-demand content moves to streaming, live TV events — especially sports — are the only thing left that can draw huge swaths of Americans together at the same time.
The headlinefrom Fortune's Jeff John Roberts says it all: "The crypto world is losing its mind over when bitcoin ETFs will arrive."
Why it matters: Pretty much every major price increase in bitcoin in recent months has been chalked up to anticipation that the long-awaited day will soon arrive when investors will be able to buy funds directly tied to the spot price of the OG cryptocurrency.
Alaska Airlines is grounding all 65 of its Boeing 737 MAX-9 aircraft after a harrowing in-flight emergency Friday night left a gaping hole in its fuselage, exposing passengers to the open air.
The big picture: The incident, which didn't end in injuries or fatalities, led the Federal Aviation Administration to require operators of about 171 airplanes worldwide to ground their planes until they were inspected.
Inflation is hated mostly because it erodes the power of your paycheck. But the good news — and the reason why optimism might return to the U.S. in 2024, as I wrote this week — is that real pay hikes have now returned.
Why it matters: As Brendan Duke of the Center for American Progress writes, 57% of workers are making more money now — after adjusting for inflation — than they were a year ago. 41% of us have seen a real wage increase of more than 5%.
L'Oréal and Estée Lauder are the two largest beauty companies in the world, boasting a market share of 16.1% and 13.6%, respectively. (LVMH is a distant third with 8%.)
Why it matters: The two stocks moved in perfect lockstep with each other from pre-pandemic to the beginning of 2023 — but since then, they have sharply diverged.
The humble compact disc has gone from relic to retro as Gen Z music fans look for ways to commemorate their favorite artists.
Why it matters: Though music streaming continues to dominate, younger fans are looking for multiple ways to listen and connect to artists, says Josh Friedlander, senior VP of research and economics at the Recording Industry Association of America (RIAA). Revenues from physical music formats, including CDs, recently hit a decade high.
Florida, Arizona and Colorado have the highest shares of real estate agents, compared to other U.S. states, according to the federal Bureau of Labor Statistics.
Real estate agents are least prevalent — compared to other professions — in D.C., Connecticut and Iowa.
What we're watching: Whether the field shrinks after a mostly stagnant year in real estate, and as commissions come into question.
