-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RLfzpKZGVrcXrUXBk+7UmNA3tbWu9LL8XyHFGieXPkCy6NvE/G31RqnmeKq7LJZU EUeg14xObir0rWQaMtEQ0Q== 0001104659-04-015092.txt : 20040519 0001104659-04-015092.hdr.sgml : 20040519 20040519145351 ACCESSION NUMBER: 0001104659-04-015092 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040513 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040519 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTERCOM COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001067837 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 231701044 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14461 FILM NUMBER: 04818450 BUSINESS ADDRESS: STREET 1: 401 CITY AVENUE STREET 2: SUITE 809 CITY: BALA CYNWYD STATE: PA ZIP: 19004 BUSINESS PHONE: 610-660-5610 MAIL ADDRESS: STREET 1: 401 CITY AVENUE STREET 2: SUITE 809 CITY: BALA CYNWYD STATE: PA ZIP: 19004 8-K 1 a04-6329_18k.htm 8-K

 

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):  May 13, 2004

 

ENTERCOM COMMUNICATIONS CORP.

(Exact Name of Registrant as Specified in Charter)

 

Pennsylvania

 

001-14461

 

23-1701044

(State or Other Jurisdiction
of Incorporation)

 

(Commission File Number)

 

(I.R.S. Employer
Identification No.)

 

 

 

 

 

401 City Avenue, Suite 809
Bala Cynwyd, Pennsylvania

 

 

 

19004

(Address of Principal Executive Offices)

 

 

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (610) 660-5610

 

 

(Former Address of Principal Executive Offices)

 

 



 

Item 5.                                   Other Events and Regulation FD Disclosure

 

On May 13, 2004, Entercom Communications Corp. (the “Company”) issued a press release (the “Press Release”) announcing that the Company’s Board of Directors has authorized a stock buyback program through which the Company, over time, may repurchase up to $100 million dollars of its common stock in the open market, with the amount and timing of repurchases depending on market conditions.  A copy of the Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

 

Item 7.                                   Exhibits

 

(c)                                  Exhibits

 

The following exhibit is filed as part of this Current Report on Form 8-K:

 

Exhibit No.

 

Title

99.1

 

Entercom Communications Corp.’s Press Release, issued May 13, 2004.

 

* * * * * * * * * *

 

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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.

 

 

Entercom Communications Corp.

 

 

 

 

 

 

By:

/s/ John C. Donlevie

 

 

 

 

John C. Donlevie

 

 

 

Executive Vice President,

 

 

 

Secretary, General Counsel

 

 

 

 

Dated: May 19, 2004

 

 

 

 

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EXHIBIT INDEX

 

Exhibit No.

 

Title

 

 

 

99.1

 

Entercom Communications Corp.’s Press Release, issued May 13, 2004.

 

4


EX-99.1 2 a04-6329_1ex99d1.htm EX-99.1

Exhibit 99.1

 

Entercom Communications Announces Stock Buyback Authorization

 

(Bala Cynwyd, PA May 13, 2004) Entercom Communications Corp. (NYSE: ETM) today announced that its Board of Directors has authorized a stock buyback program through which the Company, over time, may repurchase up to $100 million dollars of its common stock in the open market, with the amount and timing of repurchases depending on market conditions.

 

David J. Field, President and CEO stated: “Entercom’s strong free cash flow generation and outstanding balance sheet enable us to take advantage of opportunistic repurchases of the company’s stock while we continue to grow our radio platform with value-enhancing acquisitions. We have been pleased to announce three acquisitions totaling almost $100 million in recent months. While we will continue to place the highest priority on value- enhancing acquisitions and industry-leading operating performance, this share buyback is a further demonstration of our financial strength and re-investment in the radio industry.

 

As of March 31, 2004 Entercom had 51.6 million shares of common stock outstanding.

 

Entercom is the nation’s fourth largest radio broadcaster, operating in Boston, Seattle, Denver, Portland, Sacramento, Kansas City, Indianapolis (pending), Milwaukee, New Orleans, Norfolk, Buffalo, Memphis, Providence, Greensboro, Greenville/Spartanburg, Rochester, Madison, Wichita, Wilkes Barre/Scranton, Gainesville-Ocala, and Longview/Kelso, WA.

 

This news announcement contains certain forward-looking statements that are based upon current expectations and certain unaudited pro forma information that is presented for illustrative purposes only and involves certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Additional information and key risks are described in the Company’s filings on forms 8-K, 10-Q and 10-K with the U.S. Securities and Exchange Commission. Readers should note that these statements may be impacted by several factors including changes in the economic and regulatory climate and the business of radio broadcasting.

 

 

Contact:

Steve Fisher

Executive VP and Chief Financial Officer

610 660 5647

 

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