Entercom Heading Toward Restructuring or Bankruptcy

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.

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