Current Report Filing (8-k)
February 22 2017 - 09:52AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February
22, 2017
ENTERCOM COMMUNICATIONS CORP.
(Exact Name of Registrant as Specified in Charter)
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Pennsylvania
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001-14461
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23-1701044
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.)
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401 E. City Avenue, Suite 809
Bala Cynwyd, Pennsylvania
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19004
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrants telephone number, including area code: (610)
660-5610
(Former Address of Principal Executive Offices)
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction A.2. below):
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Item 2.02.
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Results of Operations and Financial Condition
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On February 22, 2017, Entercom
Communications Corp. (the
Company
) issued a press release (the
Press Release
) announcing fourth quarter 2016 results. Specifically, for the fourth quarter of 2016 the Company announced:
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net revenues of $123.2 million;
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station operating expenses of $81.5 million;
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corporate general and administrative expenses of $8.4 million;
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operating income of $30.0 million; and
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net income available to common shareholders of $10.8 million.
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net income available to common shareholders per share basic of $0.28 and diluted of $0.27.
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In addition, the Company announced that for the year ended December 31, 2016:
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net revenues of $460.2 million;
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station operating expenses of $318.7 million;
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corporate general and administrative expenses of $33.3 million;
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operating income of $98.1 million; and
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net income available to common shareholders of $36.2 million.
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net income available to common shareholders per share basic of $0.94 and diluted of $0.91.
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A copy of the Press Release is attached as Exhibit 99.1 to this Current Report on Form
8-K.
The
information in Item 2.02 of this Current Report on Form
8-K
and Exhibit 99.1 attached hereto, shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed to be incorporated by reference in any filing of the Company, whether made before or after the date hereof, regardless of any general
incorporation language in such filing.
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Exhibit
No.
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Title
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99.1
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Entercom Communications Corp.s Press Release, issued February 22, 2017.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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Entercom Communications Corp.
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By:
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/s/ Stephen F. Fisher
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Stephen F. Fisher
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Executive Vice President and
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Chief Financial Officer
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Dated: February 22, 2017
-3-
EXHIBIT INDEX
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Exhibit
No.
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Title
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99.1
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Entercom Communications Corp.s Press Release, issued February 22, 2017.
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-4-
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