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.

Contact Data
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Executives & Employees

Founder

Chairman, President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Chief Operating Officer

Executive Vice President, General Counsel & Secretary

Chief Marketing Officer

Chief Accounting Officer & Controller

Chief Programming Officer

Chief Revenue Officer

Chief Digital Officer

Board of Directors

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

Co-Founder at CJ Foundation for SIDS

Under Secretary for International Trade at International Trade Administration

President & Chief Executive Officer at American Council of Life Insurers

Former President at Turner Broadcasting System, Inc.

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.

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Entercom Communications Corp.
Owners & Shareholders
Details Hidden

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.

Details Hidden

Tensile Capital Management's investment strategy is to achieve capital appreciation through long-term investing in a concentrated portfolio of undervalued publicly-traded securities and select private investments. Tensile seeks opportunities that provide asymmetric risk/reward opportunities to generate significant capital appreciation over 3 to 5 years. The funds may engage in the purchase and sale of a broad range of investment interests and securities. Securities traded may include equity, equity-related, hybrid and credit securities that are traded publicly and privately in US and non-US markets, in addition to illiquid securities such as restricted securities of public and private companies. The funds also may invest in preferred stocks, convertible securities, warrants, rights, options (including covered and uncovered puts and calls and over-the-counter options), swaps and other derivative instruments, bonds and other fixed income securities, non-US currencies, futures, options on futures, other commodity interests and money market instruments. The funds may engage in short selling, hedging and other investment strategies.

Details Hidden

GoldenTree was established on March 1, 2000 by Steven Tananbaum, the firm’s Managing Partner & Chief Investment Officer. Today the firm is one of the largest independent asset managers focused on credit, managing a variety of absolute return and long only strategies. In 2000, Mr. Tananbaum launched the firm’s flagship hedge fund, GoldenTree Master Fund. In 2001, GoldenTree launched its long only fund, GoldenTree High Yield Value Fund, which is ranked in the 1st percentile by eVestment Alliance for its five year, seven year and inception to date track record. Today GoldenTree manages a variety of absolute return and long-only strategies that leverage the firm’s unique investment process and core competencies. The firm is a Partnership that is 100% employee owned. As assets under management have grown, the firm has been able to leverage its partnership culture to attract and retain key investment personnel and business executives. Currently, GoldenTree has 24 partners and over 180 employees, including a 42 member investment team that operates out of offices in New York and London and sources investments throughout developed markets.

Recent Transactions
Details Hidden

Entercom Communications Corp. purchases Cadence13

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.

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 ViacomCBS, Inc.

Legal Advisor

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

Legal Advisor

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

Advisors & Consultants
Advisor

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

Banker

Vice Chair, Investment Banking at Credit Suisse Securities (USA) LLC

Key Stats and Financials As of 2018
Market Capitalization
$628M
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

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Competitors
Facebook, Inc. Internet Software & Services - MENLO PARK, CA

Facebook, Inc. operates as a social networking company worldwide. The company 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. The firm's products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. Facebook 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. Internet Software & Services - 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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