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
- AI Insights from My NYU Music Business Class
- Cumulus Just Blinked
- Urban One’s Nuclear Option
- Inside iHeart’s “Guaranteed Human”
- iHeart Mismanagement Exposed
- The Trojan Horse Deal to Rope in Station Buyers
- iHeart Cooked the Essential AM/FM Car Study
- How iHeart Blew the TuneIn Deal
- The Perfect Buyer Waits for Cumulus
- Beasley Asset Sales Plausible