5-28-2012
According to an SEC filing, Rubicon Advisors of New York City has purchased 1.69 million shares of Entercom stock. Reportedly, Rubicon, paid $5 per share giving the company a 5.40 percent stake in Entercom. The Rubicon website says the company "identifies, advises, plans and manages investments for funds and Individuals looking to build an offshore portfolio, mainly in Africa. Rubicon can manage conflict resolution issues for corporations who want to develop business in politically unstable countries and hostile environments. These include community development programs post social and environment impact studies."
