Audacy, formerly known as Entercom, has decided to temporarily halt the online auction for the rights to its Radio.com domain. The company had put the domain up for auction last December with a minimum bid of $2.5 million as part of its efforts to raise funds and reduce debt.
It appears that Audacy did not receive a satisfactory offer and has chosen to retain the domain for the time being. According to Podcast News Daily, the GoDaddy auction page for Radio.com now states that the auction is closed, indicating the suspension of the bidding process. Audacy has not provided any official comment regarding this development.
The Radio.com domain was originally acquired by CBS in 2008 as part of its purchase of CNET for $1.8 billion. It was registered back in 1996, and CNET acquired it, along with TV.com, for a mere $30,000 later that same year. CBS then transferred the domain to its radio division, where it became the streaming platform for CBS Radio and the primary domain for its individual stations.
read more (BNM)
It appears that Audacy did not receive a satisfactory offer and has chosen to retain the domain for the time being. According to Podcast News Daily, the GoDaddy auction page for Radio.com now states that the auction is closed, indicating the suspension of the bidding process. Audacy has not provided any official comment regarding this development.
The Radio.com domain was originally acquired by CBS in 2008 as part of its purchase of CNET for $1.8 billion. It was registered back in 1996, and CNET acquired it, along with TV.com, for a mere $30,000 later that same year. CBS then transferred the domain to its radio division, where it became the streaming platform for CBS Radio and the primary domain for its individual stations.
read more (BNM)