Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Entercom Communications Corp.    ETM

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Entercom Communications Corp. : Entercom Communications Donates Salem, Oregon, Radio Station to MMTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/23/2013 | 03:39pm CEST


WASHINGTON, DC-BALA CYNWYD, PA-Entercom Communications Corp. (NYSE: ETM), one of the largest radio broadcasting companies in the United States, today announced that it has donated Salem, Oregon, radio station KWOD (AM) to the Minority Media and Telecommunications Council (MMTC).

MMTC, which was founded to promote diversity in broadcast station ownership, uses donated stations to train minorities and women in broadcast operations, sales, management, and ownership and enables them to purchase the stations at a discount from their market values.  Since MMTC founded its media and telecom brokerage in 1997, it has helped hundreds of interested parties and new entrants with conducting business planning and due diligence and helping new entrants build their professional and financial networks.

"Entercom is a terrific example of a company that truly has the public interest at heart," said MMTC President David Honig. "Thanks to this generous gift to MMTC, we can train more new entrants in broadcast ownership and further our mission of promoting diversity in entrepreneurship."

"We are very excited to be donating this station and providing a new radio entrepreneur with the opportunity to become a great broadcaster and radio station owner," said Entercom President and CEO David Field. "We appreciate the leadership of David Honig and the MMTC staff and all they do to help enable these opportunities and mentor minority broadcasters."

Entercom's gift is an example of the tangible benefits that historically underserved communities can receive thanks to such charitable and philanthropic donations. MMTC welcomes and encourages broadcast station donations to help it further its mission of increasing diversity in ownership within the broadcast industry.

-30-

About MMTC:

The Minority Media and Telecommunications Council (MMTC) is a national nonprofit organization dedicated to promoting and preserving equal opportunity and civil rights in the mass media, telecommunications and broadband industries, and closing the digital divide. MMTC is generally recognized as the nation's leading advocate for minority advancement in communications.

About Entercom:

Entercom Communications Corp. (NYSE: ETM),led by President and CEO David Field, is one of the largest radio broadcasting companies in the United States, with a nationwide portfolio of over 100 stations in 23 markets, including San Francisco, Boston, Seattle, Denver, Portland, Sacramento and Kansas City.

Known for developing unique and highly-successful locally programmed stations, Entercom is home to some of radio's most distinguished brands and compelling personalities. The company also is the radio broadcast partner of the Boston Red Sox, Buffalo Bills, Buffalo Sabres, Kansas City Royals, Memphis Grizzlies, New Orleans Saints, New Orleans Pelicans, Oakland Athletics, Oakland Raiders and San Jose Sharks.

Entercom focuses on creating effective multi-platform marketing solutions for its customers, incorporating the company's audio, digital and experiential assets. Additionally, the company has a long-standing commitment to responsible corporate citizenship and environmental stewardship. Entercom stations play a vital, hands-on role in improving their communities, providing over $100 million in annual support for local charitable organizations.

The company's radio stations have received numerous awards, including multiple Edward R. Murrow Awards for excellence in broadcast journalism as well as the National Association of Broadcasters' (NAB) Marconi Award for excellence in radio broadcasting. In 2012 and again in 2013, Entercom was named one of the top 500 technology innovators in the United States by InformationWeek.



distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ENTERCOM COMMUNICATIONS CO
10/20 ENTERCOM COMMUNICATIONS : to Participate in Wells Fargo Investor Conference
10/19 CBS CORPORATION : Launches Exchange Offer To Split-Off CBS Radio
10/09 ENTERCOM COMMUNICATIONS : Schedules Third Quarter 2017 Earnings Release
10/02 ENTERCOM COMMUNICATIONS : Schedules Third Quarter 2017 Earnings Release
09/26 ENTERCOM COMMUNICATIONS : Announces Agreement to Divest Stations in Los Angeles,..
09/14 ENTERCOM COMMUNICATIONS : Watch Entercom’s President and CEO David Field A..
09/13 ENTERCOM COMMUNICATIONS CORP : Entry into a Material Definitive Agreement, Finan..
09/06 ENTERCOM COMMUNICATIONS : Launches "I'm Listening" Campaign for Mental Health Aw..
09/05 ENTERCOM COMMUNICATIONS : Launches “I’m Listening” Campaign fo..
08/23 ENTERCOM COMMUNICATIONS : Names Chris Wegmann as Vice President, Market Manager ..
More news
News from SeekingAlpha
10/20 ENTERCOM : CBS Exchange Offer Creates Arbitrage Opportunity
10/19 CBS launches exchange offer for radio spin-off
10/16 ENTERCOM : Tune In For 30% Upside From Transformative Merger
09/26 ENTERCOM : An Alternative To Sidestep Media 'Content Wars'
09/18 Game Plan For The Week - Cramer's Mad Money (9/15/17)
Financials ($)
Sales 2017 468 M
EBIT 2017 47,0 M
Net income 2017 12,4 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 22,35
P/E ratio 2018 10,99
Capi. / Sales 2017 0,97x
Capi. / Sales 2018 0,95x
Capitalization 452 M
Chart ENTERCOM COMMUNICATIONS CO
Duration : Period :
Entercom Communications Co Technical Analysis Chart | ETM | US2936391000 | 4-Traders
Technical analysis trends ENTERCOM COMMUNICATIONS CO
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 13,3 $
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
David J. Field President, Chief Executive Officer & Director
Joseph M. Field Chairman
Louise C. Kramer Chief Operating Officer
Richard J. Schmaeling Chief Financial Officer & Executive Vice President
David J. Berkman Independent Director
Sector and Competitors