The Field family has a lot to worry about.
Entercom has become the target of takeover thinking.
Weakened, unable to deliver shareholder value before the coronavirus and economic uncertainty, Entercom took the unnerving step of swallowing a so-called “poison pill” to buy them some degree of protection for the next year.
As it turns out, the “poison pill” dressed up as a “shareholders rights plan” isn’t going to be enough protection against the Fields losing control of the company.
There is a more disruptive way the Fields will lose control of Entercom even after they digested the “poison pill”.
And stopping it is getting to be near impossible.