BALA CYNWYD, Pa. (AP) _ Entercom Communications Corp. (ETM) on Friday reported a fourth-quarter loss of $387 million, after reporting a profit in the same period a year earlier.
The Bala Cynwyd, Pennsylvania-based company said it had a loss of $2.80 per share. Earnings, adjusted for one-time gains and costs, were 35 cents per share.
The radio broadcasting company posted revenue of $411.4 million in the period.
For the year, the company reported a loss of $361.4 million, or $2.62 per share, swinging to a loss in the period. Revenue was reported as $1.46 billion.
Entercom Communications shares have climbed 33 percent since the beginning of the year. The stock has decreased 25 percent in the last 12 months.
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