|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||8.00 - 8.12|
|52 Week Range||6.30 - 12.43|
|PE Ratio (TTM)||2.73|
|Earnings Date||Jul 26, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||0.36 (4.65%)|
|1y Target Est||11.33|
Beasley Broadcasting's CEO said the company the country station in 2014 because it did not see a path to growth in Philadelphia. But since adding four local stations in 2016, it now has a strong platform here.
The adult contemporary More FM will cost $57.5 million while country station XTU would net Entercom $38 million.
Entercom Communications Corp. (ETM), a leading media and entertainment company and one of the two largest radio broadcasters in the U.S., today announced a definitive agreement to acquire 101.1 MORE FM (WBEB-FM) from Jerry Lee Radio, LLC in Philadelphia, PA for $57.5 million in cash. The company also announced that it has entered into an agreement to divest 92.5 XTU (WXTU-FM) in Philadelphia, PA to Beasley Broadcast Group, Inc. (BBGI) for $38.0 million in cash. The transactions are immediately accretive to Entercom and are leverage neutral.
Beasley Broadcast Group, Inc. (BBGI) (“Beasley” or “the Company”), a large- and mid-size market radio broadcaster, announced today that it entered into a definitive agreement to acquire WXTU-FM in Philadelphia, PA from Entercom Communications Corp. (ETM) (“Entercom”) for $38.0 million in cash. Excluding one-time transaction costs, the acquisition of WXTU-FM is expected to be immediately accretive to Beasley’s free cash flow without materially altering the Company’s leverage. Beasley intends to fund the acquisition through borrowings under its credit facility and cash generated from operations.
Zacks.com highlights: Rosehill Resources, Navios Maritime Partners, AMC Entertainment Holdings, Entercom Communications and Celsion
Sources said Butler informed his staff via email that the decision to leave was his and that he would stick around to help Entercom Communications Corp. Philadelphia Market Manager David Yadgaroff identify a successor.
WallStEquities.com has issued research reports on The Liberty SiriusXM Group (NASDAQ: LSXMA), Entercom Communications Corp. (NYSE: ETM), Pandora Media Inc. (NYSE: P), and Sirius XM Holdings Inc. (NASDAQ: SIRI).
Entercom Communications Corp (NYSE:ETM) is a small-cap stock with a market capitalization of US$1.07b. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, theyRead More...
is the world's largest international TV and broadband company, with operations in 11 European countries under the consumer brands Virgin Media, Unitymedia, Telenet and UPC. Liberty also serves 7 million mobile subscribers and offers Wi-Fi service through 12 million access points across its footprint. In addition, Liberty Global owns 50% of VodafoneZiggo, a joint venture in the Netherlands with 4 million customers subscribing to 10 million fixed-line and 5 million mobile services, as well as significant investments in ITV, All3Media, ITI Neovision, Casa Systems, Lionsgate, the Formula E racing series and several regional sports networks.
NEW YORK, June 12, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Avangrid, ...
LONDON, UK / ACCESSWIRE / June 11, 2018 / Active-Investors has a free review on Entercom Communications Corp. (NYSE: ETM) following the Company's announcement that it will begin trading ex-dividend on June 12, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on June 11, 2018. Active-Investors has initiated due-diligence on this dividend stock.
Investors who want to cash in on Entercom Communications Corp’s (NYSE:ETM) upcoming dividend of $0.09 per share have only 3 days left to buy the shares before its ex-dividend date,Read More...
The technology sector is generally characterised as full of innovation, competition and growth. It is also known to be highly cyclical and volatile since companies tend to find it difficultRead More...
Entercom's moves in Washington and Pittsburgh are most likely part of the company's continued retooling of legacy CBS Radio properties.
Fidelity Investments is taking a hit from an investment in Entercom Communications Corp. ( ETM), the radio station company. According to a report by The Philadelphia Inquirer, Fidelity has a 10.9% stake in Entercom, which is trading near a five-year low thanks to a bad showing in its first quarter. The Boston-based fund company owns 15 million shares, which is more than the 9.4 million held by Entercom's founding Field family, reported The Inquirer, citing Securities and Exchange Commission filings.
Stock Research Monitor: ETM, P, and SPOT LONDON, UK / ACCESSWIRE / May 25, 2018 / If you want a free Stock Review on SIRI sign up now at www.wallstequities.com/registration . On Thursday, May 24, 2018, ...
Entercom Communications Corp. (ETM) announced today that its Board of Directors has approved a quarterly dividend on the Company’s stock of $0.09 per share. For further information, or to receive future Entercom Communications Investor Relations news announcements via e-mail, please contact JCIR at (212) 835-8500 or email@example.com. Entercom Communications Corp. (ETM) is a leading American media and entertainment company reaching and engaging over 100 million people each week through its premier collection of highly rated, award winning radio stations, digital platforms and live events.
The Bala Cynwyd, Pa.-based company missed revenue projections due to declining ad revenue and combined with the fact that two of its main competitors are in bankruptcy, Wall Street has concerns.
Gabelli & Company will host its 10th Annual Entertainment & Broadcasting Conference on June 7 in New York City. This research meeting will feature presentations by senior management of leading broadcasting and entertainment companies, with an emphasis on industry dynamics, new technologies, and company fundamentals.
If you’re dismayed by Facebook’s privacy breach, the way the company shamelessly tries to make you addicted and the shallowness of its content, close your account. If the same issues have you questioning Facebook as an investment, here’s a fix. Specifically, the Philadelphia-based radio giant Entercom Communications (ETM), which has a huge national reach now because it just bought CBS Radio.
Management blamed the performance on a soft advertising market and its relationship with a struggling broadcast traffic services company but said brighter days are ahead.
The Bala Cynwyd, Pennsylvania-based company said it had a loss of 10 cents per share. Earnings, adjusted for one-time gains and costs, came to less than 1 cent on a per-share basis. The radio broadcasting ...