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.
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