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ETM - Entercom Communications: Impairment Losses Vs. Management Guidance
Entercom Communications Corp.
Shares of Entercom Communications Corporation (ETM) with a share price of $6.06 have declined more than 23% since topping at $7.94 on February 22 when the performance for Q4 of 2018 was released with mixed results. In fact, according to adjusted figures, it was a strong quarter for ETM with revenue and EBITDA Y/Y growth of 4% and 27%, respectively, accompanied by 2% decrease in operating costs; all three on a same-station basis and adjusted as explained in the PR. There was progress among the growth “segments” of ETM, with Radio.com being