If one thing best describes Entercom since its merger with CBS Radio, it is shrinkage.
David Field’s promised EBITDA to Wall Street was and is nowhere near $400 million.
It’s hard to deny that CBS Radio is a mere shadow of its former self.
An estimated $60 million in cutbacks with approximately $40 million is coming.
Shrinkage.
This is starting to feel like an episode of Seinfeld.
Except David Field just blinked.
Read the full article now.
Recent Posts
- Salem’s $31 Million “Inside Job”
- The Disconnected Dashboard
- Is Saga’s Turnaround Working?
- Beasley’s Hall Pass
- iHeart’s Q1 Growth Masks Profitability Decay
- Townsquare’s Deceiving Earnings Report
- Radio's New Global Capital Play
- Why Billionaires Keep Buying Dying Linear Media
- How Radio Is Dealing with Fake AI Music
- How to Make Pittman & Berner Money