Rich Bressler Takes Entercom’s Lead With iHeart Stockholder Rights Plan


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.

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