Entercom Enjoys A Q1 Upturn
May 6, 2010 at 2:40 PM (PT)
ENTERCOM has reported a strong Q1 2010, as same station revenue grew 8%, and Net revenues rose 7% to $80.8 million. Same station operating income increased 30%; EBITDA increased 34% to $17.3 million; and Free cash flow increased 135% to $10.1 million
"I am very pleased to report strong first quarter results as we capitalized on improving business conditions," Pres./CEO DAVID J. FIELD stated: "Innovation within our Company and the industry is enhancing our appeal to our listeners and customers at the same time as radio continues to post outstanding audience listening levels and remains the most cost-effective reach."