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Entercom Communications Corp (ETM.N)

ETM.N on New York Stock Exchange

7.90USD
21 Sep 2018
Change (% chg)

$-0.20 (-2.47%)
Prev Close
$8.10
Open
$8.05
Day's High
$8.10
Day's Low
$7.80
Volume
1,009,943
Avg. Vol
228,086
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$12.40
52-wk Low
$6.32

Latest Key Developments (Source: Significant Developments)

Entercom Communications Corp Reports Q2 Earnings Per Share $0.01
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Entercom Communications Corp ::ENTERCOM COMMUNICATIONS CORP. REPORTS SECOND QUARTER RESULTS.Q2 EARNINGS PER SHARE $0.01.Q2 REVENUE $372.1 MILLION VERSUS $125 MILLION.Q2 EARNINGS PER SHARE VIEW $0.25 -- THOMSON REUTERS I/B/E/S.ENTERCOM COMMUNICATIONS - EXPECT TO BE ABLE TO REDUCE CO'S LEVERAGE FROM CO'S AS REPORTED LEVERAGE AS OF JUNE 30 BY ABOUT HALF TURN BY END OF THIS YEAR.  Full Article

Entercom Communications To Buy 101.1 MORE FM (WBEB-FM) in Philadelphia
Thursday, 19 Jul 2018 

July 19 (Reuters) - Entercom Communications Corp ::ENTERCOM ENTERS INTO DEFINITIVE AGREEMENTS TO ACQUIRE WBEB-FM 101.1 MORE FM AND DIVEST WXTU-FM 92.5 FM IN PHILADELPHIA.ENTERCOM COMMUNICATIONS CORP- DEAL TO BUY 101.1 MORE FM FROM JERRY LEE RADIO IN PHILADELPHIAFOR $57.5 MILLION IN CASH.ENTERCOM COMMUNICATIONS CORP - TO DIVEST 92.5 XTU (WXTU-FM) IN PHILADELPHIA, PA TO BEASLEY BROADCAST GROUP FOR $38.0 MILLION IN CASH.ENTERCOM COMMUNICATIONS CORP - TRANSACTIONS ARE IMMEDIATELY ACCRETIVE TO ENTERCOM AND ARE LEVERAGE NEUTRAL.ENTERCOM COMMUNICATIONS CORP - LOCAL MARKETING AGREEMENT FOR WXTU WILL BEGIN MONDAY, JULY 23.  Full Article

Entercom Communications Corp Reports Q1 Loss Per Share $0.10
Tuesday, 8 May 2018 

May 8 (Reuters) - Entercom Communications Corp ::REPORTS FIRST QUARTER RESULTS.Q1 LOSS PER SHARE $0.10.Q1 REVENUE $300.6 MILLION VERSUS $99 MILLION.ANNOUNCED LAUNCH OF ENTERCOM AUDIO NETWORK.  Full Article

Entercom Communications Announces Consent Solicitation for 7.250% Senior Notes Due 2024
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Entercom Communications Corp ::ENTERCOM COMMUNICATIONS CORP. ANNOUNCES CONSENT SOLICITATION FOR 7.250% SENIOR NOTES DUE 2024.ENTERCOM COMMUNICATIONS CORP- UNIT WILL MAKE CASH PAYMENT OF $5.00 PER $1,000 IN AGGREGATE PRINCIPAL AMOUNT OF NOTES.ENTERCOM COMMUNICATIONS CORP - ‍CONSENT SOLICITATION WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON DECEMBER 8, 2017​.  Full Article

Entercom and Philadelphia Eagles extend partnership
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Entercom Communications Corp ::Entercom and Philadelphia Eagles announce extended multi-platform partnership.Says ‍co, Philadelphia Eagles announced 7-year deal to extend 25 year partnership with sportsradio 94.1 beginning with 2018 NFL season​.Says ‍agreement also includes rights to stream Entercom broadcast & advertising on Eagles mobile app within Philadelphia​.  Full Article

ENTERCOM COMMUNICATIONS ‍ANNOUNCES LAUNCH OF ENTERCOM AUDIENCE ANALYTICS​
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Entercom Communications Corp ::ENTERCOM COMMUNICATIONS CORP - ‍ANNOUNCED LAUNCH OF ENTERCOM AUDIENCE ANALYTICS​.  Full Article

CBS Corp announces preliminary results of CBS Radio exchange offer
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Cbs Corp :CBS Corporation announces preliminary results of CBS Radio exchange offer.CBS Corp - ‍based on preliminary results, exchange offer was oversubscribed​.CBS Corp - ‍expects to announce final proration factor following expiration of guaranteed delivery period, which will occur on Nov 20.CBS Corp - ‍offer to exchange shares of CBS class B stock on a per-share-basis for 5.6796 shares of CBS Radio common stock expired on Nov 16, 2017​.  Full Article

Scopia Capital Management reports a 14.1 pct passive stake in Entercom Communications ​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Entercom Communications Corp :Scopia Capital Management reports a 14.1 percent passive stake in Entercom Communications Corp as of October 31 - SEC filing ​.  Full Article

Entercom receives FCC approval for merger with CBS Radio
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Cbs Radio Media Corp [RIC:RIC:CBSRM.UL]:Entercom receives FCC approval for merger with CBS Radio.Entercom Communications Corp - ‍continues to expect merger to close as early as November 17​.  Full Article

Entercom Communications reports Q3 earnings per share $0.09
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Entercom Communications Corp :Entercom Communications Corp. reports third quarter results.Q3 earnings per share $0.09.Q3 revenue rose 1 percent to $122.3 million.Entercom Communications Corp says ‍board of directors authorized a $100 million share repurchase program​.Entercom Communications Corp says ‍currently anticipates repurchasing approximately $30 million in class a common stock by end of 2018​.Entercom Communications Corp says ‍increased dividend to annual amount of $0.36 per share, beginning with dividend to be paid in Q4 of 2017.Entercom Communications Corp says ‍transformational merger with CBS Radio expected to close as early as November 17​.  Full Article

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U.S. appeals court revives case against CBS over pre-1972 recordings

A federal appeals court on Monday revived a lawsuit accusing CBS Corp and CBS Radio of copyright infringement for playing digitally remastered songs recorded before 1972 by Al Green, the Everly Brothers, Jackie Wilson and others on radio stations and online.