Entercom/CBS Radio Will Be Positive for Industry, Noble Says
The combined Entercom/CBS Radio "will have the firepower and muscle to affect positive changes for the company and the industry," Noble Capital Markets analyst Michael Kupinski emailed investors Monday. But it will take time to address the "revenue slide" at…
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CBS Radio, he said. "We estimate combined proforma revenues to decrease 0.9% in 2018 to $1.16 billion from proforma 2017 estimate of $1.17 billion." That "reflects the current lackluster radio advertising market," which will continue into 2018, Kupinski said.