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Entercom Communications Corp (ETM.N)

ETM.N on New York Stock Exchange

5.97USD
24 Jun 2019
Change (% chg)

$-0.04 (-0.67%)
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Latest Key Developments (Source: Significant Developments)

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

Entercom Communications To Buy 101.1 MORE FM (WBEB-FM) in Philadelphia
Thursday, 19 Jul 2018 

July 19 (Reuters) - Entercom Communications Corp ::ENTERCOM ENTERS INTO DEFINITIVE AGREEMENTS TO ACQUIRE WBEB-FM 101.1 MORE FM AND DIVEST WXTU-FM 92.5 FM IN PHILADELPHIA.ENTERCOM COMMUNICATIONS CORP- DEAL TO BUY 101.1 MORE FM FROM JERRY LEE RADIO IN PHILADELPHIAFOR $57.5 MILLION IN CASH.ENTERCOM COMMUNICATIONS CORP - TO DIVEST 92.5 XTU (WXTU-FM) IN PHILADELPHIA, PA TO BEASLEY BROADCAST GROUP FOR $38.0 MILLION IN CASH.ENTERCOM COMMUNICATIONS CORP - TRANSACTIONS ARE IMMEDIATELY ACCRETIVE TO ENTERCOM AND ARE LEVERAGE NEUTRAL.ENTERCOM COMMUNICATIONS CORP - LOCAL MARKETING AGREEMENT FOR WXTU WILL BEGIN MONDAY, JULY 23.  Full Article

Entercom Communications Corp Reports Q1 Loss Per Share $0.10
Tuesday, 8 May 2018 

May 8 (Reuters) - Entercom Communications Corp ::REPORTS FIRST QUARTER RESULTS.Q1 LOSS PER SHARE $0.10.Q1 REVENUE $300.6 MILLION VERSUS $99 MILLION.ANNOUNCED LAUNCH OF ENTERCOM AUDIO NETWORK.  Full Article