Entercom Communications Corp. (N:ETM)

Business Focus: Radio Broadcasting

Sector:  Consumer Cyclicals Industry:  Broadcasting
See Regulatory Filings on SEC
Company Contact
Address: 401 E City Ave Ste 809
BALA CYNWYD PA 19004-1130
Tel: N/A
Website: www.entercom.com
IR: See website
Key People
David J. Field
Chairman of the Board, President, Chief Executive Officer
Richard Schmaeling
Chief Financial Officer, Executive Vice President
Louise C. Kramer
Chief Operating Officer
Andrew P. Sutor
Executive Vice President, General Counsel, Secretary
Jim McCloud
Executive Vice President - National Business Development
James Hamill
Principal Accounting Officer, Assistant Controller, Treasurer
Robert Philips
Chief Revenue Officer/Regional President
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 nine months ended 30 September 2018, Entercom Communications Corp. revenues increased from $346.3M to $1.05B. Net income applicable to common stockholders excluding extraordinary items totaled $24M vs. loss of $580K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions.
Employees: 4,489 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $2,733M as of Sep 30, 2018
Annual revenue (TTM): $1,298M as of Sep 30, 2018
EBITDA (TTM): $226.42M as of Sep 30, 2018
Net annual income (TTM): -$35.94M as of Sep 30, 2018
Free cash flow (TTM): -$60.05M as of Sep 30, 2018
Net Debt Last Fiscal Year: $1,725M as of Sep 30, 2018
Shares outstanding: 142,527,852 as of Oct 26, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization