|Bid||6.46 x 2200|
|Ask||6.47 x 1800|
|Day's Range||6.26 - 6.52|
|52 Week Range||5.16 - 10.95|
|Beta (3Y Monthly)||1.67|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||0.36 (5.84%)|
|1y Target Est||8.75|
NEW YORK and PHILADELPHIA, April 24, 2019 /PRNewswire/ -- Entercom (ETM), a leading media and entertainment company and one of the two largest radio broadcasters in the U.S., and Nielsen (NLSN) announced a multi-year strategic agreement for a comprehensive suite of measurement tools aimed at enhancing Entercom's data-driven capabilities for advertisers. As part of the agreement, Entercom will enhance its portfolio of Nielsen tools with new products including Nielsen Media Impact, RHIZA, Nielsen Marketing Cloud and the Tally Engine API.
Entercom Communications Corp. (ETM) (“Entercom”), a leading media and entertainment company and one of the two largest radio broadcasters in the United States, announced today that Entercom Media Corp. (formerly CBS Radio Inc.) (the “Issuer”), its wholly owned subsidiary, has priced $325 million in aggregate principal amount of 6.500% senior secured second-lien notes due 2027 (the “Notes”). The Issuer expects to use the net proceeds of the offering, cash on hand and availability under its revolving credit facility to partially repay existing indebtedness under its senior secured term loan facility. The Notes will be fully and unconditionally guaranteed on a senior secured second-lien basis by each direct and indirect subsidiary of the Issuer, subject to the terms of the Indenture.
Moody's Investors Service (Moody's) affirmed Entercom Communications Corp.'s (Entercom) B1 Corporate Family Rating (CFR) and the B1-PD Probability of Default Rating (PDR) following the company's proposed transaction. The Ba3 rating of the $250 million revolving credit facility due 2022 and term loan B-1 due 2024 along with the B3 rating for the $400 million senior notes all issued by wholly owned subsidiary, Entercom Media Corp. were also affirmed.
Entercom Communications Corp. (ETM) (“Entercom”), a leading media and entertainment company and one of the two largest radio broadcasters in the United States, announced today that Entercom Media Corp. (formerly CBS Radio Inc.) (the “Issuer”), its wholly owned subsidiary, plans to offer, subject to market conditions and other factors, $300 million in aggregate principal amount of senior secured second-lien notes due 2027 (the “Notes”). The Issuer expects to use the net proceeds of the offering, cash on hand and availability under its revolving credit facility to partially repay existing indebtedness under its senior secured term loan facility. The Notes will be fully and unconditionally guaranteed on a senior secured second-lien basis by each direct and indirect subsidiary of the Issuer.
Stephen Leshinski, the executive director of the local chapter of Screen Actors Guild-American Federation of Television and Radio Artists’ (SAG-AFTRA), said the all-day negotiations were beneficial and another round will take place in May.
As an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. We regret to report that long term Enter...
Entercom Communications Corp. (ETM) will report its 2019 first quarter financial results before the market opens on Tuesday, April 30, 2019. The Company will host a conference call and simultaneous webcast at 10:00 a.m. ET that morning to review the results and recent progress against its strategic initiatives. To participate in the conference call, please dial (888) 889-0278 or (312) 470-7365 five minutes prior to the start of the call and provide the following passcode: Entercom. Participants may also listen to a live webcast of the call by visiting www.entercom.com/investors.
The Philadelphia-based radio station owner saw its stock fall by 30 percent since announcing fourth quarter earnings on Feb. 22 to Friday’s closing price.
A woman said Entercom stations overcharged her for ad buys when she ran for Congress last year. While no one can find someone with her name who actually ran for office last year, an FCC investigation revealed that the company had not been filing information about political advertising as required.
NEW YORK, March 25, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Screen Actors Guild-American Federation of Television and Radio Artists officials say the Bala Cynwyd-based firm is looking to slash severance benefits by between 50 to 90 percent for on air personalities.
Sportsradio 94 WIP said advertising inquiries spiked after the news broke and streaming numbers jumped by 350 percent.
Entercom Communications Corp is a radio broadcasting company in the United States. The dividend yield of Entercom Communications Corp stocks is 5.66%. Warning! GuruFocus has detected 6 Warning Signs with ETM.
Entercom Communications Corp. announced today that its Board of Directors has approved a quarterly dividend on the Company’s stock of $0.09 per share. The dividend is payable on March 28, 2019 to shareholders of record as of the close of business on March 14, 2019.
After a turbulent first full year since the acquisition of CBS Radio, CEO David Field said growth is pacing up in the first and second quarters during a conference call with investors Friday.
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. The radio broadcasting company posted revenue of $411.4 million in the period.
Entercom Communications Corp. today reported financial results for the quarter ended December 31, 2018.
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Today we'll evaluate Entercom Communications Corp. (NYSE:ETM) to determine whetherRead More...
Moody's Investors Service (Moody's) says Cumulus Media Inc.'s (("Cumulus") parent company of Cumulus Media New Holdings Inc.) asset sales and swaps are a credit positive, but ratings are unchanged. Cumulus entered into an agreement to sell six stations to non-profit, Educational Media Foundation for $103.5 million in cash and are expected to generate net cash proceeds of $80 to $90 million. Cumulus also entered into an asset swap with Entercom Communications Corp. where Cumulus will receive three stations in Indianapolis in exchange for three stations located in New York and Springfield, MA.
The Bala Cynwyd-based company adds another property in New York and two in Springfield, Mass. while exiting Indianapolis.
Entercom Communications Corp. (ETM), a leading media and entertainment company and one of the two largest radio broadcasters in the United States, today announced a definitive agreement to acquire NASH FM 94.7 in New York City, and two stations in Springfield, MA from Cumulus Media Inc. (CMLS) in exchange for Entercom’s three-station cluster in Indianapolis. “We are excited to add NASH FM 94.7 to our outstanding lineup in New York City and to add WMAS and WHLL to our cluster in Springfield. The acquisition of NASH FM 94.7 in New York is a complementary addition to Entercom’s existing portfolio in the #1 media market in the country. Entercom’s portfolio currently includes 1010 WINS and WFAN, the #1 most listened to all news station and sports station in the U.S., respectively, as well as WCBS-FM 101.1, WCBS 880, ALT 92.3 and New 102.7 FM.
Selling Six Stations to Educational Media Foundation for $103.5 Million;Net Proceeds to Pay Down Debt and Reinvest in Growth Opportunities Swapping Three Stations with Entercom.
NEW YORK, Feb. 12, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.