That growth for Entercom came from local revenue, according to CEO David Field, and it was in the mid-single digits each quarter. And over the past 12 months, revenue was up 3% overall and 4% ex-political. Over the past 12 months, Entercom’s free cash flow is up 21% and leverage has decreased from 4.5X to 4.0X. Field says the positive news is a direct result of the company building strong local radio brands with compelling personalities and content. “Our team across the country is doing an excellent job executing our game plan and delivering results.”
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