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Article: Entercom Communications Corp. Reports Third Quarter Results.(Financial report)
- Article from:
- Economics & Business Week
- Article date:
- November 21, 2009
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Entercom Communications Corp. (NYSE:ETM) reported financial results for the quarter ended September 30, 2009. Third Quarter Highlights Net revenues for the quarter decreased 14% to $99.8 million and station expenses decreased 8% to $65.6 million
Station operating income decreased 23% to $34.2 million
EBITDA decreased 25% to $29.7 million
Net income per share increased from $0.12 to $0.50
Adjusted net income per share decreased 28% to $0.28
Free cash flow decreased 22% to $21.7 million
David J. Field, President and Chief Executive Officer stated: "Entercom's third quarter results improved sequentially from the second ...