Entercom/CBS Radio Complete, Short-Term Outlook 'a Little Choppy,' Analyst Says
With Entercom recently completing its takeover of CBS Radio (see 1711170061) to form the No. 2 U.S. radio broadcaster, the company has "significant growth opportunities" that may include further purchases, an analyst said Monday. But the "near term fundamental outlook…
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appears a little choppy" as the company missed cash flow expectations amid costs associated with the deal, wrote Noble Capital Markets' Michael Kupinski in a note.