Entercom Communications (ETM) Declares $0.09 Quarterly Dividend; 3.5% Yield

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Go back to Entercom Communications (ETM) Declares $0.09 Quarterly Dividend; 3.5% Yield

Entercom Communications Corp. Reports Fourth Quarter Results and Announces First Quarter Dividend

March 8, 2018 8:01 AM EST

BALA CYNWYD, Pa.--(BUSINESS WIRE)-- Entercom Communications Corp. (NYSE: ETM) today reported financial results for the quarter ended December 31, 2017. Fourth quarter 2017 results included CBS Radio beginning on November 17th when the merger closed.

Highlights

The Company completed its merger with CBS Radio on November 17, 2017 and issued 101,407,494 Class A shares to former shareholders of CBS Corporation who participated in the exchange Net revenues for the quarter were $246.6 million, compared to $124.6 million in the fourth quarter of 2016... More