Entercom Communications Corp. (N:ETM)

Sector:  Consumer Cyclicals Industry:  Broadcasting
See Regulatory Filings on SEC
Company Contact
Tel: N/A
Website: https://entercom.com
IR: See website
Key People
David J. Field
Chairman of the Board, President, Chief Executive Officer
Richard J. Schmaeling
Chief Financial Officer, Executive Vice President
Susan R. Larkin
Chief Operating Officer, Executive Vice President
Andrew P. Sutor
Executive Vice President, General Counsel, Secretary
Louise C. Kramer
Executive Vice President, Director
Robert Philips
Chief Revenue Officer/Regional President, President - Entercom Audio Networks
Business Overview
Entercom Communications Corp. is a radio broadcasting company. The Company sells advertising time to local, regional and national advertisers and national network advertisers, purchasing spot commercials in varying lengths. It focuses on station-related digital platforms, which allow for audience interaction and participation, and integrated local digital marketing solutions and station events. Its stations are classified by their format, such as news, sports, talk, classic rock, urban, adult contemporary, alternative and country, among others. As of December 31, 2016, it had a portfolio of radio stations in 28 markets across the United States. It operates in various markets, which include Boston, Buffalo, Denver, Kansas City, Miami, Sacramento, San Francisco and Seattle. Its radio stations include KSWD Frequency Modulation (FM), KOSI FM, KYGO FM, KEPN AM, KKFN FM, KQKS FM, KRWZ Amplitude Modulation (AM), WSTR FM, WAXY AM/FM, WLYF FM, WMXJ FM, KBZT FM, KSON FM/KSOQ FM and KIFM FM.
Financial Overview
For the three months ended 31 March 2020, Entercom Communications Corp. revenues decreased 4% to $297M. Net loss totaled $9.1M vs. income of $3.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects G/L on Sale of Tangible & Intangible FA decrease from $4.6M (income) to $0K, Restructuring Charges increase from $1M to $4.2M (expense).
Employees: 4,144 as of Jan 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $1,869M as of Mar 31, 2020
Annual revenue (TTM): $1,478M as of Mar 31, 2020
EBITDA (TTM): $309.67M as of Mar 31, 2020
Net annual income (TTM): -$432.47M as of Mar 31, 2020
Free cash flow (TTM): $4.86M as of Mar 31, 2020
Net Debt Last Fiscal Year: $1,639M as of Mar 31, 2020
Shares outstanding: 138,028,183 as of Apr 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization