Whatever happened to the business of radio?
Townsquare is a digital play not a radio company deriving half its revenue from digital.
iHeart is anything you want it to be but call it “audio” not radio.
As of yesterday, Entercom became a new age sports partner of betting app FanDuel while their radio stations are relegated to being a computer in a closet.
- But get this – almost 32 million people ran out to buy Entercom stock (ETM) Thursday based on the Entercom/FanDuel “partnership” when an average day’s trading for ETM is only 1.1 million.
Why are radio companies distancing themselves from their core business and more precisely what is Entercom up to wrapping itself in sports betting when their stations are being stripped down for cost savings?
What does the market know about Entercom?
Share this article with a friend here.
Newstips here
Email me privately here
Recent Posts
- A Dollar Look at Cumulus Deep Cuts This Year
- The Shutting Down of FM Stations
- Behind the Scenes of the Audacy Housecleaning
- And the New Audacy CEO Will Be …
- What’s Impacting Radio’s Digital Business
- A Hurdle Slowing Townsquare’s “Digital First”
- The $47 Million Radio CEO
- A Challenge to Saga’s Business Model
- What Audacy is Up to with Staffing
- A Closer Look at iHeart Spells Trouble