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MarketScreener Homepage  >  Equities  >  Nyse  >  Entercom Communications Corp.    ETM

ENTERCOM COMMUNICATIONS CORP.

(ETM)
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Entercom Communications : Announces "RADIO.COM's Holiday Toys for Girls and Boys" - Communications

11/16/2020 | 01:07pm EST

PHILADELPHIA, PA -- Entercom announced the launch of "RADIO.COM's Holiday Toys for Girls and Boys," a virtual event in partnership with Toys for Tots dedicated to bringing toys and smiles to less fortunate children across the country. From November 16 to December 6, 40 Entercom brands across 18 markets nationwide will encourage listeners to donate money that will be turned into new, unwrapped toys for local children in need this holiday season.

Entercom is also partnering with TicketSauce, an event ticketing, management, and box office white label solutions company to create a virtual giving platform that will turn the monetary donations into physical toys. All donations will be geo-tracked so all funds raised stay within their respective local communities.

"This innovation on traditional holiday campaigns allows us to build on our strong connection in our communities and meaningfully support the great work of Toys for Tots, safely," said Sarah Harris, Vice President, Social Impact, Entercom. "Through our partnership with TicketSauce, we are able to raise money virtually, connecting the generosity of our listeners with the needs of our communities, delivering joy to children this holiday season."

A full list of participating Entercom stations includes The New Hot 95.9 (KKMJ-HD3) in Austin; Mix 104.1 (WWBX-FM) in Boston; Star 102.5 (WTSS-FM), WBEN (WBEN-AM) and Kiss 98.5 (WKSE-FM) in Buffalo; 92.3 The Fan (WKRK-FM) in Cleveland; 98.7 The Breeze (WDZH-FM) in Detroit; 98.5 KTK (WKTK-FM) and 97.3 The Sky (WSKY-FM) in Gainesville; 93.3 Planet Rocks (WTPT-FM/HD1) in Greenville; 106.5 The Wolf (WDAF-FM) in Kansas City; 105.5 Triple M (WMMM-FM), 94.9 WOLX (WOLX-FM) and Mix 105.1 (WMHX-FM) in Madison; 101.5 Lite FM (WLYF-FM), 102.7 The Beach (WMXJ-FM), AM 790 The Ticket (WAXY-AM), 560 WQAM Sports Radio (WQAM-AM) and Power 96 (WPOW-FM) in Miami; 103.7 Kiss FM (WXSS-FM) and Hot 105.7 (WXSS-HD2) in Milwaukee; New York's Country 94.7 (WNSH-FM) and 1010 WINS (WINS-AM) in New York; Z104 (WNVZ-FM) in Norfolk; Mix 98.1 (WTVR-FM), Big 98.5 (WRXL-HD2), Newsradio WRVA (WRVA-AM/HD2, The New Sports Radio 910 The Fan (WRNL-AM) and Q94 (WRVQ-FM) in Richmond; ESPN Rochester (WROC-AM/FM) in Rochester; 102.5 KEZK (KEZK-FM), Y98 (KYKY-FM), News Radio 1120 KMOX (KMOX-AM), 97.1 FM Talk (KFTK-FM) and 96.3 FM (KNOU-FM) in St. Louis; 103.7 KEYN (KEYN-FM), KNSS (KNSS-AM/FM) and KFH Radio (KFH-AM/FM) in Wichita; and Max 102 (WMQX-FM) and Froggy 101 (WGGY-FM) in Wilkes-Barre.

For more information, please visit https://eventsplus.radio.com/corp/national/e/holiday-toys-for-girls-and-boys-toy-drive.

Entercom is committed to supporting the health and success of the communities that are the heart of its business. "RADIO.COM's Holiday Toys for Girls and Boys" is a part of Entercom Serves, the Company's social impact platform that raises awareness of social issues and brings communities together for good. Entercom unites with its listeners and brands to support sound communities through several pillars of impact: children's health, mental health and anti-bullying, veterans and service members, the environment, civic education, and diversity, equity and inclusion.

Toys for Tots, a 73-year national charitable program run by the U.S.Marine Corps Reserve, provides happiness and hope to less fortunate children during each Christmas holiday season. The toys, books and other gifts collected and distributed by the Marines offer these children recognition, confidence and a positive memory for a lifetime. It is such experiences that help children become responsible citizens and caring members of their community. Last year the Marine Toys for Tots Program fulfilled the holiday hopes and dreams of 7 million less fortunate children in over 800 communities nationwide. Since 1947 over 265 million children have been assisted. The Marine Toys for Tots Foundation is a not-for-profit organization authorized by the U.S. Marine Corps and the Department of Defense to provide fundraising and other necessary support for the annual Marine Corps Reserve Toys for Tots Program. For more information, visit www.toysfortots.org.

CONTACT:

David Heim

Entercom

212-649-9676

David.Heim@Entercom.com

About Entercom Communications Corp.

Entercom Communications Corp. (NYSE: ETM) is the #1 creator of live, original local audio content in the U.S and the unrivaled leader in local radio sports and news. Home to the nation's most influential collection of podcasts, digital and broadcast content, and premium live experiences, Entercom engages over 170 million consumers each month. Available on every device in every major U.S. market, the company delivers the industry's most compelling live and on-demand content and experiences from voices and influencers its communities trust and love. Entercom's robust portfolio of assets and integrated solutions offer advertisers today's most engaged audiences through targeted reach, brand amplification and local activation-all at national scale. Learn more at www.entercom.com, Facebook and Twitter (@Entercom).

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2020 1 060 M - -
Net income 2020 -56,0 M - -
Net Debt 2020 - - -
P/E ratio 2020 -10,1x
Yield 2020 0,49%
Capitalization 563 M 563 M -
Capi. / Sales 2020 0,53x
EV / Sales 2021 0,43x
Nbr of Employees 5 600
Free-Float 82,2%
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Technical analysis trends ENTERCOM COMMUNICATIONS CORP.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 3,63 $
Last Close Price 4,08 $
Spread / Highest target 71,6%
Spread / Average Target -11,2%
Spread / Lowest Target -51,0%
EPS Revisions
Managers and Directors
NameTitle
David J. Field Chairman, President & Chief Executive Officer
Susan Larkin Chief Operating Officer
Richard J. Schmaeling Chief Financial Officer & Executive Vice President
Joseph M. Field Chairman-Emeritus
David J. Berkman Lead Independent Director
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