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The agreement equips Audacy's 235+ stations nationwide with the ability to seamlessly ingest, index, organize and analyze its media Veritone, Inc. (NASDAQ:VERI), the creator of the world's first operating system for artificial intelligence, aiWARE™, today announced that it has extended its agreement with Audacy (NYSE:ETM), a scaled, multi-platform audio content and entertainment company with the country's best radio broadcasting group, a leader in virtually every segment of audio, and America's #1 creator of original, premium audio. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210413005277/en/(Graphic: Business Wire) Formerly
JERSEY CITY, N.J., March 30, 2021 /PRNewswire/ -- BetMGM announced today a multi-year deal with Audacy, formerly Entercom Communications Corp., (NYSE: ETM), designating the market-leading sports betting and gaming platform as a preferred sports betting partner of Audacy across its best-in-class sports broadcast stations, the Audacy and Bet QL apps and digital platforms, and the "BetQL Audio Network." Key partnership details include integrated content across Audacy's broadcast sports stations, customer acquisition opportunities, and talent endorsements across Audacy's wide spectrum of local and national sports betting content. "Audacy is a leader in sports radio, digital audio and now the dir
PHILADELPHIA--(BUSINESS WIRE)--Entercom Communications Corp. (NYSE: ETM) today announced that it is transitioning its brand name to Audacy, effective immediately. Over the past three years, the company has purposefully evolved into a scaled, multi-platform audio content and entertainment organization with the country’s best radio broadcasting group and a leadership position in virtually every segment of the dynamic and growing audio market—including broadcasting, podcasting, digital, network, live experiences, music, sports and news. Audacy is also the #1 creator of original, premium audio content. “We have transformed into a fundamentally different and dramatically enhanced org
PHILADELPHIA--(BUSINESS WIRE)--Entercom Communications Corp. (NYSE: ETM) (“Entercom”), a leading media and entertainment company and one of the largest radio broadcasters in the United States, announced today that Entercom Media Corp. (the “Issuer”), its wholly owned subsidiary, has priced $540 million in aggregate principal amount of 6.750% senior secured second-lien notes due 2029 (the “Notes”). The size of the offering was increased from the previously announced $500 million in aggregate principal amount of the Notes. The sale of the Notes is expected to close on March 25, 2021, subject to customary closing conditions. The Issuer expects to use the net proceeds from the offering
PHILADELPHIA--(BUSINESS WIRE)--Entercom Communications Corp. (NYSE: ETM) (“Entercom”), a leading media and entertainment company and one of the largest radio broadcasters in the United States, announced today that Entercom Media Corp. (the “Issuer”), its wholly owned subsidiary, plans to offer, subject to market conditions and other factors, $500 million in aggregate principal amount of senior secured second-lien notes due 2029 (the “Notes”). The Issuer expects to use the net proceeds from the offering to redeem all of its 7.250% senior notes due 2024 and to partially repay existing indebtedness under our senior credit facilities. The Notes will be fully and unconditionally guarant
PHILADELPHIA--(BUSINESS WIRE)--Entercom (NYSE: ETM), home to premium podcast companies Cadence13 and Pineapple Street Studios, today announced the acquisition of Podcorn, the largest marketplace for brands to find and collaborate with the most relevant podcasters to create native advertising and branded content at scale. The transaction values Podcorn at $22.5 million today, with an upfront cash payment of $14.6 million and a performance-based earnout over the next 3 years. “The acquisition of Podcorn expands Entercom’s product offering for advertisers and builds on our position as one of the country’s three largest podcast publishers and the #1 creator of original, premium audio c
NEW YORK, Feb. 17, 2021 /PRNewswire/ -- Cadence13, an industry-leading premium podcast company, unveiled the first three audio movies under its groundbreaking new scripted studio, C13Features. C13Features is focused on creating and owning compelling fictionalized feature-length audio stories of all genres that appeal to a wide audience. Cadence13 is part of Entercom (NYSE: ETM), who will be supporting each C13Feature with a strategic marketing plan which will make use of its portfolio of radio stations and digital assets that engage 170 million consumers each month. C13Features Readies Groundbreaking Audio Experience, Unveils First Slate of Podcast “Movies for your Ears”
PHILADELPHIA--(BUSINESS WIRE)--Entercom Communications Corp. (NYSE: ETM) today reported financial results for the quarter ended December 31, 2020. Fourth Quarter Summary Net revenues for the quarter were $319.5 million, up 19% compared to the third quarter of 2020 and down 23% compared to the fourth quarter of 2019 Our events business, which contributed 7% of our fourth quarter 2019 net revenues, continued to be significantly disrupted by COVID-19 and our event revenues for the quarter were down 98% compared to the fourth quarter of 2019 Digital revenues were $58.8 million, up 23% compared to the fourth quarter of 2019, propelled by continued strong audience and revenue grow
SIOUX FALLS, S.D.--(BUSINESS WIRE)--Profile® by Sanford, a nutrition and lifestyle coaching brand, in collaboration with Entercom, announced its partnership with a celebrity lineup featuring Lady A, Meghan Trainor and Emmitt Smith. This partnership of strategically selected stars of music, sports and pop culture showcases Profile’s commitment to delivering personalized nutrition plans and one-on-one health coaching to transform lives. The partnership includes special offers for Profile members like private virtual concerts and Q/A’s with the talent. Lady A, the multi-Platinum, seven-time Grammy winning country trio of Hilary Scott, Dave Haywood and Charles Kelley will be joining t
PHILADELPHIA--(BUSINESS WIRE)--Entercom Communications Corp. (NYSE: ETM) will report its 2020 fourth quarter financial results before the market opens on Wednesday, February 24, 2021. The Company will host a conference call and simultaneous webcast at 10:00 a.m. ET that morning to review the results and recent progress against its strategic initiatives. To participate in the conference call, please dial (888) 889-0278 or (773) 799-3659 five minutes prior to the start of the call and provide the following passcode: Entercom. Participants may also listen to a live webcast of the call by visiting www.entercom.com/investors. Questions will only be taken from participants on the confere
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PHILADELPHIA--(BUSINESS WIRE)--Entercom (NYSE: ETM), home to premium podcast companies Cadence13 and Pineapple Street Studios, today announced the acquisition of Podcorn, the largest marketplace for brands to find and collaborate with the most relevant podcasters to create native advertising and branded content at scale. The transaction values Podcorn at $22.5 million today, with an upfront cash payment of $14.6 million and a performance-based earnout over the next 3 years. “The acquisition of Podcorn expands Entercom’s product offering for advertisers and builds on our position as one of the country’s three largest podcast publishers and the #1 creator of original, premium audio c
PHILADELPHIA--(BUSINESS WIRE)--Entercom Communications Corp. (NYSE: ETM) today reported financial results for the quarter ended December 31, 2020. Fourth Quarter Summary Net revenues for the quarter were $319.5 million, up 19% compared to the third quarter of 2020 and down 23% compared to the fourth quarter of 2019 Our events business, which contributed 7% of our fourth quarter 2019 net revenues, continued to be significantly disrupted by COVID-19 and our event revenues for the quarter were down 98% compared to the fourth quarter of 2019 Digital revenues were $58.8 million, up 23% compared to the fourth quarter of 2019, propelled by continued strong audience and revenue grow
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