Ryvicker Expects Entercom Revenue Decline


In her latest report to investors Wells Fargo analyst Marci Ryvicker says overall radio revenue “is slow but improving.” Ryvicker expects Entercom’s Q2 revenue to be off 2% with the Charlotte market up 1%. She’s also expecting CBS Radio to be down 3.5% in Q2. “Q3 should be a little easier for these guys given no Olympic comps. As such, we forecast +2% for ETM and -2.5% for CBS Radio. Entercom reports earnings Friday. CBS Corporation reports August 2. The Entercom CBS Radio merger is expected to close later this year.


Please enter your comment!
Please enter your name here