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Shares of radio broadcasting company Entercom Communications(NYSE: ETM) jumped on Monday. The stock was up 13.3% as of 11:53 a.m. EST.
The stock's gain adds to a sharp rise on Friday, which followed the company's third-quarter results. Further gains on Monday likely reflect continued optimism surrounding Entercom's quarterly performance, as well as some upbeat commentary from Entercom CEO David Field in an interview with Philadelphia Business Journal.