Entercom’s True Financials

Last week Entercom told analysts reporting on the first quarter 2019 revenue that the company grew revenue by 43%.

Did it?  

Some Wall Street people are beginning to ask the question how is Entercom doing as good as David Field claims when their stock is hovering so close to a mere $4 a share, the acknowledged breaking point.

So, we took the un-doctored 10k filing Entercom is required to produce as a public company and we asked financial experts with high level radio experience to dig into the legal figures that Entercom cannot parse in search of the true numbers.

Is David Field telling big little lies about the merged company with CBS Radio?

How much cutting back did Entercom really do and at what level are further cost synergies accurately projected going forward.

What about cash flow – this is the true measure of a radio company’s viability – how does Entercom do on that?

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