4 New Entercom Cutbacks

Joe Field finally pumped up Entercom stock Wednesday getting it back to $7.  But yesterday, it fell apart again into the $6 range.

Investors lost $100 million in share value since the CBS merger was announced.

Revenue down 7% that translates into a $28 million loss.

EBITDA cut in half.

Today, 4 new Entercom cutbacks toward keeping David Field’s promise of $110 million in merger synergies detailed and revealed in advance.

Luckily, none of them apply to David Field.

BUT … competitors are taking notes.

Real time quote from one of our subscribers who also happens to be an Entercom executive:  “The insights and honesty this industry needs”.

Another Entercom subscriber:  “thank you for your insights especially into Entercom”.

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