Thank you, Missy, and welcome to Entercom's first-quarter earnings conference call. During this call, the company may make forward-looking statements, which are based upon the company's current expectations and involve risks and uncertainties. The company's actual results could differ materially from those projected in these forward-looking statements.
Entercom Communications Corp. (NYSE:ETM) announced today a change of its 2020 Annual Meeting of Shareholders. Due to the emerging public health impact of the coronavirus outbreak (COVID-19), and to support the health and well-being of the Company’s shareholders, employees, associates, directors and vendors, the Company has changed the format of its 2020 Annual Meeting of Shareholders from a physical in-person meeting to a virtual meeting.
As stock prices hit record lows, executives are taking advantage of the opportunity to scoop up shares on the cheap and show confidence in the future of their companies.
Shares of Entercom Communications (NYSE: ETM) are soaring in morning trading after the radio broadcaster said its chairman emeritus had scooped up 1.2 million shares of the company's outstanding stock at prices ranging from $1.20 to $1.45 per share. Insider buys are often perceived by the market as bullish signals, and the purchases by Joseph Field amounted to approximately 1% of Entercom's float. Field now owns approximately 11% of the broadcaster's outstanding stock, or about 15.1 million shares.
How the media outlets that cover the Flyers, 76ers and Phillies are coping with the loss of their content.
A total of 11 of the 50 largest Philadelphia-area public companies lost more than 50% of their stock value.
Q1 2020 Entercom Communications Corp Earnings Call
The two radio companies said they were forced to make these decisions as advertising revenue has shriveled up as the pandemic spreads.
Entercom Communications (ETM) delivered earnings and revenue surprises of 22.22% and -0.66%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Entercom Communications Corp. (NYSE:ETM) shareholders (or potential shareholders) will be happy to see that the...
As you might know, Entercom Communications Corp. (NYSE:ETM) last week released its latest quarterly, and things did...
A Philadelphia-based radio station owner plans to start laying off and furloughing a "significant number" of employees companywide.
Entercom Communications Corp. (NYSE:ETM) shareholders should be happy to see the share price up 23% in the last week...
Entercom Communications Corp. (NYSE: ETM) will report its 2020 first quarter financial results before the market opens on Thursday, May 14, 2020. 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.
Moody's Investors Service (Moody's) downgraded Entercom Communications Corp.'s (Entercom) Corporate Family Rating (CFR) to B2 from B1 and the Probability of Default Rating to B2-PD from B1-PD. In addition, Moody's downgraded the senior secured second lien notes issued by wholly owned subsidiary, Entercom Media Corp., to B3 from B2 and the senior unsecured notes to Caa1 from B3, while the senior secured credit facility was affirmed at Ba3.
Entercom Communications Corp. (NYSE: ETM) ("Entercom" or the "Company") announced today that its Board of Directors (the "Board") has adopted a limited duration shareholder rights plan (the "Plan") to protect the long-term interests of its shareholders. The Plan has a one-year duration, expiring April 20, 2021.
Entercom Communications Corp. (NYSE: ETM) today reported financial results for the quarter ended March 31, 2020.
Entercom Communications (ETM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
One thing we could say about the analysts on Entercom Communications Corp. (NYSE:ETM) - they aren't optimistic, having...
The Philadelphia-based owner of KMOX and four other St. Louis radio stations plans to start implementing layoffs and furloughs amid an advertising downturn spurred by the coronavirus pandemic.