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Entercom’s net revenues for the first quarter decreased 4 percent to $95.4 million; same station net revenues also decreased 4 percent, and same station operating income decreased 5 percent.
Free cash flow increased 67 percent to $11.4 million, the company announced today.
David J. Field, president/CEO said in a statement: “We are pleased to report that during the first quarter, Entercom achieved strong growth in both free cash flow and adjusted net income per share and moderate growth in EBITDA despite the challenging state of the U.S. economy. We expect to continue to grow our free cash flow for the remainder of 2008, aided by lower expected financing costs this year.”
TargetSpot has acquired online streaming ad rep firm Ronning Lipset Radio in a move that will form the largest audio advertising network and streamline the buying of online radio spots, the companies say.
TargetSpot is an online system for creating,…
FT Group, publisher of the Financial Times, saw total revenue leap 11% for the first nine months of 2008. Circulation and ad revenue grew, as did revenue from interactive data.
Ad revenue was up 1% over the first nine months…
Location-based services that allow marketers to connect with consumers wherever they are have long been considered the ideal in advertising. eMarketer is predicting that the opportunity will grow significantly in coming years, with the number of consumers using such services…
Comedy Central is building on the success of its two wildly popular fake-news programs, The Colbert Report and The Daily Show, adding a show called Chocolate News.
The new show will star David Alan Grier as the pompous host of…
Prices of list rentals are declining across the board and – for the first time ever - show a downward trend in every B2C and B2B category tracked, according to Worldata’s Fall 2008 List Price Index (see table), writes MarketingCharts.
Permission-based email…
Custom publications are being increasingly produced by specialty editors and designers (73%) rather than by those in communications roles, according to a study conducted by the Custom Publishing Council (CPC) in cooperation with Publications Management, writes MarketingCharts.
The survey, “Staffing and Compensation:…
