Ryvicker: "Entercom Came in Better Than Expected."
The Wells Fargo analyst is pleased with David Field's tight expense control and writes in her report to investors, "ETM results were a little bit better all around, but the beginning of the year started slow given the macro environment, which is not a surprise. For the past four quarters, ETM has demonstrated significant opex control, which has helped the bottom line tremendously. We anticipate this trend continuing given mgmt's expectation for 1-2% expense growth in F2013."
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