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

ENTERCOM COMMUNICATIONS CORP.

(ETM)
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Entercom Communications : Teams Up with the Ad Council on COPING-19 Mental Health Campaign - Communications

11/24/2020 | 04:34am EST

PHILADELPHIA, PA -- Entercom has teamed up with the Ad Council as the exclusive audio production partner for COPING-19, a national public service advertising (PSA) campaign aimed at raising awareness and providing Americans tips and resources to help people who are experiencing mental health challenges, in conjunction with the CDC, the CDC Foundation, The HHS, and the White House.

As part of the campaign, Entercom will develop and provide bilingual audio PSAs that help Americans address mental health, as well as donate time and space to support the campaign across its robust portfolio of broadcast, digital and social media assets.

"Entercom is dedicated to supporting the health and success of the communities that are the heart of our business," said Sarah Harris, Vice President, Social Impact, Entercom. "With so many Americans struggling with mental health, we are delighted to use the reach of our platform to share helpful self-care and coping tips with our 170 million listeners and so many more in partnership with the Ad Council. We know talk is a powerful tool in the struggle for mental health, and are committed to using our voice to break the stigma and help people find the resources they need to thrive."

"With the prolonged health crisis and the isolation and economic challenges stemming from Covid-19, many aren't talking about what's happening with our mental health," said Heidi Arthur, Chief Campaign Development Officer, Ad Council. "COPING-19 is a far-reaching platform that provides self-care and coping tips, as well as resources, to address the struggles people are facing. We're so grateful to our creative and media partners for developing the creative content and resources that will empower audiences throughout the country to take steps to protect their mental health."

The campaign will also see the launch of a new website, Coping-19.org, which will serve as a central hub where visitors will be able to access over 100 vetted resources in English and Spanish to help with their mental health needs. Coping-19.org will also feature a set of self-care best practices and principles in accordance with CDC and leading scientists, as well as links to more in-depth information by category.

Morbidity and Mortality Week Report survey shows more than 40% of Americans are struggling with mental health conditions as a result of the Covid-19 crisis.

Entercom is committed to supporting the health and success of the communities that are the heart of its business. Participating in COPING-19 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: mental health and anti-bullying, children's health, veterans and service members, the environment, civic education, and diversity, equity and inclusion.

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).

About the Ad Council

The Ad Council has a long history of creating life-saving public service communications in times of national crisis, starting in the organization's earliest days during World War II to September 11th and natural disasters like Hurricane Katrina and Hurricane Sandy and, most recently, leading the industry's response to the COVID-19 pandemic. Its deep relationships with media outlets, the creative community, issue experts and government leaders make the organization uniquely poised to quickly distribute life-saving impactful information to millions of Americans.

The Ad Council is where creativity and causes converge. The non-profit organization brings together the most creative minds in advertising, media, technology and marketing to address many of the nation's most important causes. The Ad Council has created many of the most iconic campaigns in advertising history. Friends Don't Let Friends Drive Drunk. Smokey Bear. Love Has No Labels.

The Ad Council's innovative social good campaigns raise awareness, inspire action and save lives. To learn more, visit AdCouncil.org, follow the Ad Council's communities on Facebook and Twitter, and view the creative on YouTube.

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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 -9,58x
Yield 2020 0,52%
Capitalization 535 M 535 M -
Capi. / Sales 2020 0,51x
Capi. / Sales 2021 0,41x
Nbr of Employees 5 600
Free-Float 82,2%
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 3,63 $
Last Close Price 3,88 $
Spread / Highest target 80,4%
Spread / Average Target -6,57%
Spread / Lowest Target -48,5%
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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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