Entercom Q2 Revenue Decreases 1%
Very little good news from the Entercom camp Tuesday CEO David Field blames the revenue drop on "sluggish business conditions during the quarter." Field provided very few details about the quarter in a subdued earnings conference call Tuesday morning (Entercom only takes questions submitted in advance). Field said auto ad dollars were in line with company-wide results, and regarding Q3 guidance Field said things are choppy: "August is pacing down low- to mid-single digits, September is up slightly, and political revenue is booking late."
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