SHARE-BASED COMPENSATION (Block)

3 Months Ended

Mar. 31, 2012

Disclosure Of Compensation Related Costs Sharebased Payments Abstract

Disclosure Of Compensation Related Costs Share Based Payments Text Block

6.       SHARE-BASED COMPENSATION

Equity Compensation Plan

       Under the Entercom Equity Compensation Plan (the “Plan”), the Company is authorized to issue share-based compensation awards to key employees, directors and consultants.

RSU Activity

The following is a summary of the changes in RSUs under the Plan during the current period:

			Number			Weighted	Aggregate
			Of	Weighted		Average	Intrinsic
			Restricted	Average		Remaining	Value As Of
			Stock	Purchase		Contractual	March 31,
	Period Ended		Units	Price		Term (Years)	2012
RSUs outstanding as of:	December 31, 2011		1,860,577
RSUs awarded			283,056
RSUs released			(127,767)
RSUs forfeited			(1,265)
RSUs outstanding as of:	March 31, 2012		2,014,601	$	-	1.5	$	13,074,760
RSUs vested and expected
to vest as of:	March 31, 2012		1,837,739	$	-	1.5	$	11,362,322
RSUs exercisable (vested and
deferred) as of:	March 31, 2012		86,996	$	-	0.0	$	564,604
Weighted average remaining
recognition period in years			2.2
Unamortized compensation
expense, net of estimated
forfeitures		$	9,045,749

Options

Option Activity

The following table provides summary information related to the exercise of stock options:

	Three Months Ended March 31,
Other Option Disclosures	2012		2011
	(amounts in thousands)
Intrinsic value of options exercised	$	84	$	458
Tax benefit from options exercised, before impact of
any valuation allowance	$	34	$	181
Cash received from exercise price of options exercised	$	54	$	57

The following table presents the option activity during the current periodunder the Plan:

						Weighted	Intrinsic
				Weighted		Average	Value
				Average		Remaining	As of
		Number of		Exercise		Contractual	March 31,
	Period Ended	Options		Price		Term (Years)	2012
Options outstanding as of:	December 31, 2011		876,025	$	2.84
Options granted			-
Options exercised			(40,400)		1.34
Options forfeited			(2,750)		1.34
Options expired			(18,750)		28.71
Outstanding as of:	March 31, 2012		814,125	$	2.33	6.8	$	3,891,866
Options vested and expected to vest as of:	March 31, 2012		799,326	$	2.34	6.8	$	3,819,377
Options vested and exercisable as of:	March 31, 2012		573,689	$	2.63	6.7	$	2,707,497
Weighted average remaining
recognition period in years			0.9
Unamortized compensation expense, net of
estimated forfeitures		$	114,789

       The following table summarizes significant ranges of outstanding and exercisable options as of the current period:

				Options Outstanding				Options Exercisable
				Number Of	Weighted			Number Of
				Options	Average	Weighted		Options	Weighted
				Outstanding	Remaining	Average		Exercisable	Average
				March 31,	Contractual	Exercise		March 31,	Exercise
Exercise Prices				2012	Life	Price		2012	Price
$	1.34	$	1.34	751,875	6.8	$	1.34	523,814	$	1.34
$	2.02	$	10.90	22,000	7.4	$	6.01	11,500	$	6.22
$	11.31	$	11.78	27,250	5.9	$	11.60	27,250	$	11.60
$	12.08	$	48.21	13,000	3.4	$	33.84	11,125	$	37.51
$	1.34	$	48.21	814,125	6.8	$	2.33	573,689	$	2.63

Recognized Non-Cash Compensation Expense

Stock-based compensation expense consisted primarily of RSU awards. The following summarizes recognized stock-based compensation expense included in the Company's line item expense related toawards of RSUs and employee stock options:

	Three Months Ended
	March 31,
	2012		2011
		(amounts in thousands)
Station operating expenses	$	106	$	105
Corporate general and administrative expenses		1,291		3,035
Stock-based compensation expense included in operating expenses		1,397		3,140
Income tax expense (net of a valuation allowance in prior years)		389		0
Total stock-based compensation expense, net of income tax benefit	$	1,008	$	3,140