Entercom Communications Corp.

Entercom Communications Corp.

Entercom Communications Corp.

Overview
Date Founded

1968

Headquarters

401 East City Avenue,Suite 809,Bala Cynwyd, PA 19004

Type of Company

Public

Employees (Worldwide)

7,626

Industries

Cable, Satellite, and Radio Telecommunications
Advertising & Marketing

Company Description

Entercom Communications Corp. operates as a radio broadcasting company with a portfolio of radio stations in top markets across the United States. It focuses on creating marketing solutions that incorporate the company's audio, digital, and experiential assets. The company was founded by Joseph M. Field in 1968 and is headquartered in Bala Cynwyd, PA.

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Executives & Employees

Founder

President, Chief Executive Officer & Chairman of the Board

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Financial Officer

Chief Operating Officer

Executive Vice President, General Counsel & Secretary

Chief Marketing Officer

Chief Revenue Officer

Chief Digital Officer

Chief Accounting Officer & Controller

Board of Directors

President, Chief Executive Officer & Chairman of the Board at Entercom Communications Corp.

Co-Chairman-Governors Board at The Paley Center for Media

Co-Founder at CJ Foundation for SIDS

Under Secretary for International Trade at International Trade Administration

Former President at Turner Broadcasting System, Inc.

President & Acting Chief Executive Officer at CBS Corp.

President & Chief Executive Officer at American Council of Life Insurers

Chief Financial Officer, Director & Executive Vice President at Merkle, Inc.

Vice President, US Marketing, Sales & Service at Ford Motor Company

Founder at Entercom Communications Corp.

Paths to Entercom Communications Corp.
Potential Connections via
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Entercom Communications Corp.
Owners & Shareholders
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SCM employs a fundamentals-based, value-driven investment approach across four strategies: a long-short equity strategy managed with the discipline of market neutrality, a long-short equity strategy managed with net long exposure, a long-only equity strategy and a long-short health care focused strategy. The firm seeks to identify investments primarily in publicly-traded equities (on both US and non-US exchanges), including IPOs, but may also include options, derivatives and bonds that they believe will increase in value (or at least maintain their value) even in a falling market, and conversely to identify and sell short stocks that they believe will drop in value (or at least under-perform) regardless of the industry and the market's overall direction. The long portfolio focuses on dynamic companies protected by low valuations relative to free cash flow, strong cash positions or valuable intellectual property and sensible business models. The short portfolio selects companies that SCM determines are not only overvalued, but also fundamentally flawed because of the poor prospects of their products or services. The research process combines examining publicly available financial data and conducting in-depth proprietary field research.

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Sessa Capital IM LP is a private company headquartered in New York, NY, that operates in several countries. The firm provides investment advice. It was founded in 2007 by John Eric Petry, he has been the CEO since the company founding.

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Harbor Spring Capital seeks to achieve long-term capital appreciation through investments in the global securities markets. Assets of the funds are invested primarily in long and short positions in publicly-traded equities, but from time to time may also be invested in fixed-income products, hybrid securities, derivatives, private securities and other financial instruments. The funds' investment strategy is based on fundamental analysis of companies, securities and financial instruments, emphasizing a rigorous, systematic, creative and proprietary research process. Harbor Spring attempts to identify investment opportunities in which securities prices diverge from intrinsic value. The funds may have substantial investments in the technology industry, the media industry and the telecommunications industry. They may be relatively concentrated, engage in short selling and invest in small- to mid-cap companies.

Recent Transactions
Details Hidden

Cumulus Media, Inc. purchases Entercom Communications Corp/3 Radio Stations from Entercom Communications Corp.

Details Hidden

Entercom Communications Corp. purchases Cumulus Media, Inc. /3 Radio Stations from Cumulus Media, Inc.

Details Hidden

Bonneville International Corp., The Church of Jesus Christ of Latter-day Saints purchase Entercom Communications Corp. /2 Radio Stations from Entercom Communications Corp.

Transaction Advisors
Accountant

Advised onEntercom Communications Corp. purchases Sinclair Broadcast Group /46 Radio Stations from Sinclair Broadcast Group, Inc.

Accountant

Advised onEntercom Communications Corp. purchases Kqmt FM from Tribune Media Co.

Legal Advisor

Advised onEntercom Communications Corp. purchases Sinclair Broadcast Group /46 Radio Stations from Sinclair Broadcast Group, Inc.

Legal Advisor

Advised onEntercom Communications Corp. purchases CBS Radio, Inc. from CBS Corp.

Legal Advisor

Advised onEntercom Communications Corp. purchases CBS Radio, Inc. from CBS Corp.

Legal Advisor

Advised onEntercom Communications Corp. purchases CBS Radio, Inc. from CBS Corp.

Advisors & Consultants
Advisor

Former Executive Vice President & Chief Financial Officer at Entercom Communications Corp.

Key Stats and Financials As of 2018
Market Capitalization
$931M
Total Enterprise Value
$2.47B
Earnings Per Share
$-2.62
Revenue
$1.46B
Net Profit
$-361M
EBITDA
$294M
EBITDAMargin
20.09%
Total Debt
$1.87B
Total Equity
$1.33B
Enterprise Value Sales
1.69x
Enterprise Value EBITDAOperating
8.4x
TEVNet Income
-6.83x
Debt TEV
0.76x
Three Year Compounded Annual Growth Rate Of Revenue
52.62%
Five Year Compounded Annual Growth Rate Of Revenue
31.1%
Non-Profit Donations & Grants
Investments
Details Hidden

iBiquity Digital Corp. develops high definition radio broadcast technology. The firm's partners include electronics manufacturers, semiconductor and electronic component manufacturers and automakers and retailers and wireless data service providers. The company was founded by Robert J. Struble in 1998 and is headquartered in Columbia, MD.

Details Hidden

USA Digital Radio develops technology used for digital radio broadcasting

Investors
Details Hidden

Co-Founder at First Round Capital

Suppliers
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Washington Nationals Baseball Club LLC Recreation & Leisure | Washington, DC

Washington Nationals Baseball Club LLC operates a professional baseball team. The firm is a member of the Eastern Division of Major League Baseball's National League. It also markets sports merchandise, tickets and collectable baseball game items. The company was founded in 1969 and is headquartered in Washington, DC.

New England Patriots Sports | Foxborough, MA

New England Patriots LP owns and operates sports club. Its programs include pro bono legal services alliance, blood drive, myra kraft community mvp award, make-a-wish, patriots women's association, new england kids triathlon, play 60, read between the lines and cleat donation program. The company was founded on November 16, 1959 and is headquartered in Foxborough, MA.

Competitors
Facebook, Inc. Internet Software & Services

Facebook, Inc. engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. Its products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.

Amazon.com, Inc. Retail: Other - Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Alphabet, Inc. Computer Software - MOUNTAIN VIEW, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube. The Other Bets segment includes businesses such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

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