Entercom Net Revenue Up In Q4, Full Year 2012
February 9, 2013

Entercom Communications has reported its fiscal results for the fourth quarter and full year 2012. In Q4, net revenue grew by seven percent to $102.1 million. Station expenses were up two percent to $61.7 million, as station operating income grew by 16 percent to $40.4 million. Adjusted EBITDA was up 17 percent to $35.3 million.

For all of 2012, Entercom's net revenue grew by two percent to $388.9 million. Station expenses decreased last year by four percent to $252.4 million. Station operating income grew by 14 percent to $136.6 million, and adjusted EBITDA increased 15 percent to $115.9 million.

David J. Field, President/CEO stated, "Entercom finished 2012 with a solid fourth quarter as revenues grew by seven percent and Adjusted EBITDA increased by 17 percent. For the year, prudent cost management drove expenses down by four percent and enabled a 15 percent increase in Adjusted EBITDA on two percent revenue growth. We enter 2013 with a strong balance sheet, an outstanding lineup of great brands and content, and a powerful array of emerging digital platforms. We are also highly enthused by a number of positive industry developments over the past few months which bolster the industry’s future prospects. Industry research continues to show robust radio listening levels and strong advertiser effectiveness, while recent announcements by Sprint, Nielsen and others reaffirm radio’s importance in today’s media landscape."




 
Breaking News
Clear Channel Rebrands As iHeartMedia
Republic Records Restructures Media Department, Adds Key Executives
NRG Media Namees Erica Dreyer Director Of Integrated Media
In Brief - September 16, 2014
September 15, 2014
WLUP-FM/Chicago Takes Fresh Direction With New Weekday Line-up, Nationwide Talent Search
CCM+E San Antonio Names Don Gosselin PD For KAJA, KRPT
Justin Wittmayer Appointed VP/Market Manager For Cumulus San Francisco
BIA/Kelsey Releases New Study On SMB Social Media Usage
In Brief - September 15, 2014
September 12, 2014
Republic Records Names Rick Krim EVP, Artist Development
BIA/Kelsey Releases New Study On SMB Social Media Usage
The Week In Review: 9/8-9/12
NAB Donates To Committee To Protect Journalists In Honor of James Foley, Steven Sotloff
2014 NAB Marconi Radio Award Winners Announced
iStream Data Debuts, Appoints VP/GM
In Brief - September 12, 2014
September 11, 2014
CBS Radio, United Stations Radio Networks To Launch Scott Shannon Presents "America's Greatest Hits"
iBiquity Digital, TagStationTo Deliver Next Generation Of The Digital Dash
Pandora Strikes US Licensing Deal With BMG
NAB President, CEO Gordon Smith Opens 2014 Radio Show
In Brief - September 11, 2014
September 10, 2014
Warner Music Group Creates Unified Global Business Development Team
HD Radio Broadcast Momentum Continues
iStreamMusic.com Expands Music Channel Lineup
In Brief - September 10, 2014
September 9, 2014
Music News
Taylor Swift Talks 1989
One Direction Says "Steal My Girl"
Quick Hits: Beyoncé & Jay Z, Neil Young's Bridge School Benefit, Bon Jovi, George Harrison
Quick Hits: Gwen Stefani, Iggy Azalea, Demi Lovato, Calvin Harris, Ellie Goulding, Kendrick Lamar
U2 Already Plotting Next Album?
The Week In Review: 9/8-9/12
Quick Hits: Madonna & Alicia Keys, Kanye West, Ariana Grande, iHeartRadio Australia Music Festival, Stevie Wonder
Maroon 5 Land Second #1 Album With V
Ariana Grande To Hit The Road For "The Honeymoon Tour"
Quick Hits: Nicki Minaj, Paul McCartney, John Mellencamp, The Lumineers
U2 Gives Away New Album Via iTunes
Quick Hits: Mary J. Blige, Alicia Keys, Avicii, P!nk, Bruce Springsteen, David Bowie
One Direction Announce The Release Of New Album FOUR
Quick Hits: G.R.L.
The Week In Review: 9/1-9/5
FMQB NOW

Marissa Lanchak
APD/MD
WFLY/Albany

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!