Digital hot for Entercom

Entercom CEO David Field noted that revenues from digital operations (websites and such) nearly doubled in Q2 and, for the first time ever, amounted to more than 1% of the company's total revenues. It was not as happy a story for the traditional radio business, where same station revenues were down 1%. Including recently acquired stations, total revenues for QW2 rose 7% to 125.2 million. Field told analysts that Q3 is currently pacing up a fraction of a percent, so he is looking for revenues to be flat for the quarter.

Add to: del.icio.us | Digg