Entercom Communications Corp. Reports Second Quarter Results
August 5, 2014
Untitled Document

Entercom Communications Corp. today reported financial results for the quarter ended June 30, 2014.

Second Quarter Highlights:

* Net Revenues decreased 1% to $100.2 million
* Station Expenses increased 3% to $68.0 million
* Station Operating Income decreased 9% to $32.2 million
* Adjusted EBITDA decreased 12% to $26.9 million
* Adjusted Net Income per share decreased 12% to $0.23
* Free Cash Flow decreased 21% to $15.0 million

David J. Field, President and Chief Executive Officer, stated: “Revenue declined 1% from the prior year as results were impacted by sluggish business conditions during the quarter. Operationally, we continue to focus on developing our powerful local brands, content and digital capabilities and building our new SmartReach Digital division. These efforts are enhancing our value to listeners and customers and raising our growth potential. Broadcast radio fundamentals are strong with growing, massive audience reach and a superior ROI to competitive forms of media.”

The Company reduced its outstanding debt by $4.1 million (net of cash) during the quarter. As of June 30, 2014, the Company had $7.1 million in cash and $489.8 million of senior debt and senior notes.

Breaking News
Coleman Insights Launches FACT360
James Steele Joins Alpha Media's WXYK/Biloxi-Gulfport
iHeartRadio Becomes Microsoft Groove¹s Exclusive Digital Radio Provider
Digity Media & WMBF-TV News Sponsor South Carolina Flood Relief Day
October 12, 2015
Cumulus Media Names Sid Kelly Program Director At WABD/Mobile
In Brief - October 12, 2015
October 9, 2015
Report: Most See P1 Station Like A Friend
Greater Media Collects 200,000 Bottles of Water For South Carolina Flood Victims
October 8, 2015
Emmis Announces Second Quarter Earnings
WiLD 94.9 Names Julian On The Radio Afternoon Drive Host
Entercom Atlanta Promotes Michael Chase to Director of Marketing & Promotions At Star 94
KNEV/Reno Turns On Classic Hip Hop
Benztown Partners With Dash Radio
October 7, 2015
Ellen K To Launch A New Morning Show On KOST/Los Angeles
Pandora To Acquire Ticketfly
Slow Jams Launches New Throwback Edition
Steven Meyers Promoted To Director/Digital Operations At Greater Media
October 6, 2015
Bubba The Love Sponge Apologizes For Ratings Tampering
Cumulus Launches Classic Hip Hop 98.3 The Vibe
Jon Platt Named CEO At Warner/Chappell
CBS Radio Names Sam Rogers VP, National Sales & Corporate Partnerships
In Brief - October 6, 2015
October 5, 2015
Beasley Media Group Announces Actions Against Todd Clem AKA, ‘Bubba The Love Sponge’
iHeartMedia Presents "iHeartRadio Jingle Ball 2015 Concert Tour"
Music News
Taylor Swift Leads 2015 AMA Nods
Quick Hits: The Weeknd, DJ Khaled, Rihanna / Victoria's Secret Fashion Show, U2, Sia
Janet Jackson's Unbreakable Bows at #1
Quick Hits: Fall Out Boy & Demi Lovato, Macklemore & Ryan Lewis, Foo Fighters, Gorillaz
Taylor Swift Talks Grammys, Life After 1989
Quick Hits: Bruno Mars, Kendrick Lamar, Green Day, Radiohead, Mariah Carey, Three 6 Mafia
Janet Jackson, N.W.A. and More Up For Rock Hall
Quick Hits: Rihanna, Ciara, Deadmau5
Selena Gomez Maps Out Revival Tour
Quick Hits: RIAA Gold & Platinum, Cage The Elephant, Kurt Cobain, American Music Awards / Jennifer Lopez
Quick Hits: Kendrick Lamar, Brian Fallon, Ten Commandos, The Cure, Lollapalooza South America, JoJo, Courtney Barnett
Fetty Wap Debuts Atop Billboard 200 Chart
Quick Hits: Miley Cyrus & Flaming Lips, Will Smith, Maynard James Keenan, Ben Folds
Deluxe Edition of Sam Smith's In The Lonely Hour Announced
Quick Hits: Selena Gomez, Miley Cyrus, Megadeth, Beastie Boys

Mark Adams
San Francisco

Search FMQB.com
FMQB Member Login

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