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

ENTERCOM COMMUNICATIONS CORP.

(ETM)
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Entercom Communications : RADIO.COM Announces New Partnership With Beasley Media Group, Bringing Additional Premium Live and On-demand Audio Content to the Platform

11/11/2020 | 10:13am EST

PHILADELPHIA, PA - November 11, 2020 - RADIO.COM, the fastest-growing digital audio platform in the U.S., has announced a content distribution partnership with Beasley Media Group, LLC. As part of the agreement, Beasley Media Group will add live-stream channels for each of its 64 stations across 15 markets to RADIO.COM, along with all of its premium on-demand audio and podcasts.

'We're delighted to bring Beasley Media Group aboard the RADIO.COM platform and its incredible stations across news, entertainment, music and sports,' said Corey Podolsky, Vice President of Business Development, Entercom. 'This partnership will give Beasley's 20 million weekly listeners a new destination to consume their favorite audio content, while providing our existing consumers more options to satisfy their listening habits.'

'Beasley is proud to partner with our friends at Entercom and RADIO.COM,' said Justin Chase, Chief Content Officer, Beasley Media Group, LLC. 'Listeners are consuming our content in more places than ever and we are excited to expand the distribution for our amazing brands on this first-class audio platform.'

Beasley Media Group provides advertising and digital marketing solutions across the United States, as well as offers capabilities in audio technology, esports, podcasting, ecommerce and events.

RADIO.COM is an integrated digital platform where consumers discover and connect live with the Entercom portfolio of premium, curated content powered by over 230 highly rated, locally programmed radio stations and their websites. RADIO.COM, the fastest growing digital audio platform in the U.S., currently has over 750 stations from more than 100 markets along with top podcasts on its rapidly growing platform. RADIO.COM offers anytime, anywhere access through the RADIO.COM mobile app and website, along with thousands of home and auto-connected devices including Amazon Echo, Amazon FireTV, Sonos, Roku, Google Home, Google Chromecast, Android Auto, Apple CarPlay, Apple Music, Siri, and Samsung Bixby.

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).

###

Disclaimer

Entercom Communications Corporation published this content on 11 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2020 15:12:02 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 1 060 M - -
Net income 2020 -56,0 M - -
Net Debt 2020 - - -
P/E ratio 2020 -10,5x
Yield 2020 0,47%
Capitalization 585 M 585 M -
Capi. / Sales 2020 0,55x
EV / Sales 2021 0,45x
Nbr of Employees 5 600
Free-Float 82,2%
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Technical analysis trends ENTERCOM COMMUNICATIONS CORP.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 3,63 $
Last Close Price 4,24 $
Spread / Highest target 65,1%
Spread / Average Target -14,5%
Spread / Lowest Target -52,8%
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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