Joe Field built the legacy small market radio group known as Entercom.
His son, an S.O.B., (Son of the Boss) took over the company, mortgaged the future by overpaying for CBS Radio and then tried to “un-CBS” the merged company.
Today, the Entercom that Joe Field built is worth less than $2 on the stock market but has close to $2 billion in debt.
The Fields stand a reasonable chance of losing control of the company if they have to go back to lenders.
Reenter Joe Field who whether you are aware of it or not, is back but in a very different way and it if it doesn’t work, there will be a lot of misery for Entercom employees.
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