ETM - Entercom Communications: Easy Listening
Entercom Communications (ETM) is one of the largest radio broadcasting companies in the country. Yes, radio is still alive and well with podcasts, sports coverage, and local news outlets besides other things.
And here's what ETM does:
- Radio Broadcasting Stations
- Advertising
- Arts
- Entertainment and Recreation
- Podcasting
Things were going extremely well before COVID-19 but dropped off rapidly beginning in March.
In January and February, sales were up 7% year over year but dropped 22% in March. April was even worse as local businesses and professional sports dropped advertising. However, according to management, things