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

ENTERCOM COMMUNICATIONS CORP.

(ETM)
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Entercom Communications : Relaunches The New Star 94 in Atlanta - Communications

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09/18/2020 | 04:08am EDT

PHILADELPHIA, PA- Entercom, a leading media and entertainment company and one of the two largest radio broadcasters in the U.S., today announced the relaunch of The New Star 94, the rhythm of Atlanta, effective immediately. The upbeat station will be home to Atlanta's largest music library, delivering a unique blend of expertly curated music from artists like Prince, Bruno Mars, Madonna, Lady Gaga, and more.

Listeners will enjoy more variety and unpredictability as part of their listening experience, including surprise moments and tunes that have been missing from ATL's airwaves.

"The New Star 94 will bring the rhythm of Atlanta to life and capture the vibe of the metro area," said Rick Caffey, Senior Vice President and Market Manager, Entercom Atlanta. "In these difficult times, radio serves as a platform to both entertain and inform. We look forward to growing the well-established Star brand into a place for our audience to feel good through top hits from their favorite artists."

Listeners can tune in to The New Star 94 (WSTR-FM) in Atlanta on air, as well as nationwide on the RADIO.COM app and website. Fans can also connect with the station on social media via Twitter, Facebook and Instagram.

CONTACT:

Jennifer Morales

Entercom

212-649-9685

Jennifer.Morales@Entercom.com

@EntercomPR

About Entercom Communications Corp.

Entercom Communications Corp. (NYSE: ETM) is a leading audio and entertainment company engaging over 170 million consumers each month through its iconic broadcast brands, expansive digital platform, premium podcast network and live events and experiences. With presence in every major U.S. market, and accessible on every device, Entercom delivers the industry's most compelling live and on-demand content and experiences from voices and influencers its communities trust and love. The company'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. Entercom is the unrivaled leader in local radio sports and news and the #1 creator of live, original local audio content in the U.S. 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 1 058 M - -
Net income 2020 -49,0 M - -
Net Debt 2020 - - -
P/E ratio 2020 -4,25x
Yield 2020 1,31%
Capitalization 211 M 211 M -
Capi. / Sales 2020 0,20x
Capi. / Sales 2021 0,17x
Nbr of Employees 5 600
Free-Float 82,4%
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Technical analysis trends ENTERCOM COMMUNICATIONS CORP.
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 2,00 $
Last Close Price 1,53 $
Spread / Highest target 129%
Spread / Average Target 30,7%
Spread / Lowest Target -34,6%
EPS Revisions
Managers
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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