2-18-15
The Boston Red Sox having an awful year in 2014 had a negative impact on Entercom's fourth quarter revenue. Entercom carries the play-by-play for the team. While Entercom was up 2 percent in Q4 to $101.5 million, CEO David Field says when you back out the missed Red Sox playoff games, the company was up 3.5 percent. The best performing markets for Entercom were Buffalo, Kansas City, and Indianapolis. Field says the first quarter of 2015 has business conditions looking "mixed." The company is pacing down 1 percent and Field specifically called out the telecom category as being weak. In 2014, Entercom revenue increased 1 percent to $379.8 million.
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