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Entercom Communications Corp (ETM.N)

ETM.N on New York Stock Exchange

3.58USD
20 Sep 2019
Change (% chg)

$-0.03 (-0.83%)
Prev Close
$3.61
Open
$3.61
Day's High
$3.64
Day's Low
$3.48
Volume
630,991
Avg. Vol
318,997
52-wk High
$8.23
52-wk Low
$2.94

Latest Key Developments (Source: Significant Developments)

Entercom Communications Corp Sets Quarterly Dividend Of $0.02 Per Share
Saturday, 10 Aug 2019 

Aug 9 (Reuters) - Entercom Communications Corp ::. REDUCES QUARTERLY DIVIDEND TO REALLOCATE CAPITAL TO SHARE REPURCHASES AND ACCELERATED DELEVERAGING.SETS REGULAR QUARTERLY DIVIDEND OF $0.02PER SHARE.ENTERCOM - TO REALLOCATE ABOUT $39 MILLION CAPITAL FREED UP ON ANNUAL BASIS BY DIVIDEND CUT TO REPURCHASE SHARES UNDER 2017 PROGRAM, ACCELERATE DELEVERAGING.  Full Article

Entercom Announces Acquisition Of Pineapple Street Media And Agreement In Principle To Acquire Cadence13
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Entercom Communications Corp ::ENTERCOM ANNOUNCES ACQUISITION OF PINEAPPLE STREET MEDIA AND AGREEMENT IN PRINCIPLE TO ACQUIRE CADENCE13, ESTABLISHING LEADERSHIP POSITION IN PODCASTING.  Full Article

Entercom Communications Says Unit Entered Indenture Governing Terms Of Issuer's $325 Mln 6.500% Senior Secured Second-Lien Notes Due 2027
Thursday, 2 May 2019 

May 1 (Reuters) - Entercom Communications Corp ::ENTERCOM COMMUNICATIONS - UNIT ENTERED INDENTURE GOVERNING TERMS OF ISSUER'S $325 MILLION 6.500% SENIOR SECURED SECOND-LIEN NOTES DUE 2027.ENTERCOM COMMUNICATIONS CORP - NOTES WERE ISSUED ON APRIL 30, 2019..  Full Article

Entercom Posts Pricing Of $325 Mln Offering Of Senior Secured Second-Lien Notes
Wednesday, 24 Apr 2019 

April 23 (Reuters) - Entercom Communications Corp ::ENTERCOM ANNOUNCES PRICING OF $325 MILLION OFFERING OF SENIOR SECURED SECOND-LIEN NOTES.ENTERCOM COMMUNICATIONS - ENTERCOM MEDIA CORP HAS PRICED $325 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 6.500% SENIOR SECURED SECOND-LIEN NOTES DUE 2027.  Full Article

Entercom Announces Launch Of $300 Mln Offering Of Senior Secured Second-Lien Notes
Monday, 22 Apr 2019 

April 22 (Reuters) - Entercom Communications Corp ::ENTERCOM ANNOUNCES LAUNCH OF $300 MILLION OFFERING OF SENIOR SECURED SECOND-LIEN NOTES.ENTERCOM COMMUNICATIONS CORP - SUBSIDIARY PLANS TO OFFER $300 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR SECURED SECOND-LIEN NOTES DUE 2027.ENTERCOM COMMUNICATIONS - UNIT EXPECTS TO USE PROCEEDS OF OFFERING TO PARTIALLY REPAY EXISTING INDEBTEDNESS.  Full Article

Entercom Communications Corp Q4 Loss Per Share $2.80
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Entercom Communications Corp ::ENTERCOM COMMUNICATIONS FOURTH QUARTER NET REVENUES RISE 4% AND PRO FORMA ADJUSTED EBITDA INCREASES 27%.Q4 LOSS PER SHARE $2.80.Q4 REVENUE ROSE 4 PERCENT TO $411.4 MILLION.QTRLY ADJUSTED EARNINGS PER SHARE $0.35.QTRLY TOTAL OPERATING EXPENSE WAS $789.0 MILLION, INCLUDING NON-CASH IMPAIRMENT CHARGE OF $465 MILLION.  Full Article

Entercom To Acquire Nash FM 94.7 In New York
Thursday, 14 Feb 2019 

Feb 13 (Reuters) - Entercom Communications Corp ::ENTERCOM ENTERS INTO DEFINITIVE EXCHANGE AGREEMENT TO ACQUIRE NASH FM 94.7 IN NEW YORK AND TWO STATIONS IN SPRINGFIELD, MA.ENTERCOM COMMUNICATIONS CORP - TRANSACTION IS IMMEDIATELY ACCRETIVE TO ENTERCOM..ENTERCOM COMMUNICATIONS CORP - PARTIES WILL BEGIN PROGRAMMING RESPECTIVE STATIONS BEING ACQUIRED UNDER LOCAL MARKETING AGREEMENTS ON FRIDAY, MARCH 1.  Full Article

Cumulus Media Announces Two Strategic Portfolio Optimization Transactions
Thursday, 14 Feb 2019 

Feb 13 (Reuters) - Cumulus Media Inc ::CUMULUS MEDIA ANNOUNCES TWO STRATEGIC PORTFOLIO OPTIMIZATION TRANSACTIONS.CUMULUS MEDIA INC - SELLING SIX STATIONS TO EDUCATIONAL MEDIA FOUNDATION FOR $103.5 MILLION;.CUMULUS MEDIA INC - NET PROCEEDS TO PAY DOWN DEBT AND REINVEST IN GROWTH OPPORTUNITIES.CUMULUS MEDIA INC - EMF WILL ACQUIRE ALL TRANSMISSION EQUIPMENT AND ASSUME ALL TOWER LEASES ASSOCIATED WITH STATIONS.CUMULUS MEDIA INC - UNDER TERMS OF SWAP AGREEMENT WITH ENTERCOM, CUMULUS WILL RECEIVE WNTR-FM, WXNT-AM, AND WZPL-FM IN INDIANAPOLIS.CUMULUS MEDIA INC - UNDER TERMS OF SWAP AGREEMENT WITH ENTERCOM AND ENTERCOM WILL RECEIVE WNSH-FM (NEW YORK, NY) AND WMAS-FM AND WHLL-AM.CUMULUS MEDIA - RELATED TO SWAP AGREEMENTS, EACH PARTY TO COMMENCE LOCAL MARKETING AGREEMENT TO PROGRAM OTHER PARTY'S STATIONS BEGINNING ON MARCH 1.  Full Article

Entercom Communications Announces Content Distribution Agreements With CNN And Bloomberg Media
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Entercom Communications Corp ::ENTERCOM COMMUNICATIONS CORP - ANNOUNCED CONTENT DISTRIBUTION AGREEMENTS WITH CNN AND BLOOMBERG MEDIA.  Full Article

Entercom Communications Corp Reports Q2 Earnings Per Share $0.01
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - Entercom Communications Corp ::ENTERCOM COMMUNICATIONS CORP. REPORTS SECOND QUARTER RESULTS.Q2 EARNINGS PER SHARE $0.01.Q2 REVENUE $372.1 MILLION VERSUS $125 MILLION.Q2 EARNINGS PER SHARE VIEW $0.25 -- THOMSON REUTERS I/B/E/S.ENTERCOM COMMUNICATIONS - EXPECT TO BE ABLE TO REDUCE CO'S LEVERAGE FROM CO'S AS REPORTED LEVERAGE AS OF JUNE 30 BY ABOUT HALF TURN BY END OF THIS YEAR.  Full Article