Extract
Entercom Communications Corp. Reports Quarterly Results.
BALA CYNWYD, Pa. -- Entercom Communications Corp. (NYSE:ETM) today reported financial results for the quarter ended June 30, 2006.
Second Quarter Highlights --Net revenues decreased 3% to $116.5 million and station operating expenses increased 1% to $66.0 million. --Same station net revenues decreased 4% and same station operating expenses decreased 1%. --Same station operating income decreased 8% to $50.4 million. --Net income per share decreased to $0.43 from $0.53. --Pro forma net income per share, excluding net gains on sale or disposition of assets, net gain on derivative instruments and net gain on investments, decreased to $0.43 from $0.52. David J. Field, President and Chief Executive Officer stated: "The second quarter was a challenging quarter as business conditions remained sluggish fo...See the full content of this document
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