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
- iHeart CEO Paid for Layoffs
- Urban One’s High Risk Bet
- Beasley Risks Screwing Their Lenders
- Kelli Turner Unleashed
- iHeart’s Digital Shell Game
- Beasley’s Unproven AI Sales Bet
- Saga Savings Warning
- Townsquare’s Digital Ceiling
- What My Gen Z Students Told Me About Radio
- Radio’s Programmatic Pricing Gamble