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.
Sign up for free to get: The Daily Intelligence Report delivered to your inbox.
RBR-TVBR delivers complete broadcasting news analysis and our infamous observations.