Entercom may be in worse trouble than iHeart and yes, Cumulus.
It is now a “Zombie company” that exists to pay its debt.
- In a pandemic-triggered recession, this unbelievable set of circumstances is acting like an accelerant.
- Entercom was a mess before this happened back to the botched CBS Radio merger and any sound company doesn’t have a $1 stock price.
- Bad balance sheet, no workable strategy.
- They could cut more employees but because of its rapid decline that will not be enough.
Recent Posts
- Your Radio Station May Have to Change
- Audacy Crackdown
- The Buyer Ready to Pounce on Radio
- Where to Reach New Radio Listeners
- iHeart’s Indebtedness
- SiriusXM Hits the Panic Button
- How the Pivot to Audio Is Working
- The Saga You Won’t Recognize
- Animosity Toward Radio CEOs Growing
- What’s Causing the Latest Radio Listening Declines