Investors and observers alike have been scrutinizing Entercom Communications and when it will start to see big dividends from its Reverse Morris Trust-fueled merger with CBS Radio.
It appears that time has finally come, given the strong Q4 2019 results and positive outlook for 2020 offered by the company led by President/CEO David Field on Tuesday (2/25). Shareholders appeared to agree, with ETM soaring by more than 7% by the time the Entercom quarterly earnings call with Wall Street analysts began.
As of 11:20am Eastern, the growth had tempered a bit, with shares up 4.1% to $4.44.
