Entercom faces weak revenue as it swallows CBS Radio
Revenues at CBS Radio stations fell 6 percent in the fourth quarter and a turnaround isn’t expected until late 2018, Bala Cynwyd radio giant Entercom Communications Corp. said on Thursday.
“We are only 100 days into this transformation and these things take time,” Entercom CEO David Field told analysts. He added that he remained optimistic about radio and still considers acquiring more stations.
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