Profile: Entercom Communications Corp (ETM.N)

ETM.N on New York Stock Exchange

9.47USD
2 Aug 2013
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$-0.32 (-3.27%)
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Entercom Communications Corp., incorporated on October 21, 1968, is a radio broadcasting companies in the United States. The Company’s operates with a nationwide portfolio of 23 markets: San Francisco, Boston, Seattle, Denver, Portland, Sacramento, Kansas City, Indianapolis, Milwaukee, Austin, Norfolk, Buffalo, New Orleans, Memphis, Providence, Greensboro, Greenville/Spartanburg, Rochester, Madison, Wichita, Wilkes-Barre/Scranton, Springfield (MA) and Gainesville/Ocala. It focuses on providing compelling content in the communities the Company serves to enable the Company to offer it advertisers an effective marketing platform to reach a targeted local audience. The primary source of revenues for its radio stations is the sale of advertising time to local, regional and national spot advertisers and national network advertisers. On June 28, 2012, the Company acquired KBLX-FM.

The Company’s stations are typically classified by their format, such as news, talk, classic rock, adult contemporary, alternative and country, among others. A station’s format enables it to target specific segments of listeners sharing certain demographics. Advertisers and stations use data published by audience measuring services to estimate how many people within particular geographical markets and demographics listen to specific stations. For the year ended December 31, 2012, the Company generated over 50% of its net revenues in seven of its 23 markets, which were Boston, Denver, Kansas City, Portland, Sacramento, San Francisco and Seattle. During 2012, the Company generated 74% of its net revenues from local advertising, which is sold primarily by each individual local radio station’s sales staff, and 21% from national advertising, which is sold by an independent advertising sales representative.

Company Address

Entercom Communications Corp

Suite 809,
401 City Ave.
BALA CYNWYD   PA   19004
P: +1610.6605610
F: +1610.6605620

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