It’s no secret that Entercom Communications shares are way below where anyone thought they would be, with ratings and revenue disappointments in key markets compounded by COVID-19 advertising downturns. To protect itself from a possible hostile takeover bid, Entercom’s board in late April gave an affirmative nod to a “limited duration shareholder rights plan.”
Now, the board at the nation’s No. 1 audio media company by radio station count has taken a similar course of action.
