Entercom Communications Corp. Reports Third Quarter EPS $.29

Entercom Communications Corp. ETM today reported financial results for the quarter ended September 30, 2010.

Third Quarter Highlights

• Net revenues for the quarter increased 3% to $102.7 million, station expenses increased 3% to $67.3 million and station operating income increased 4% to $35.4 million
• Same station net revenues increased 3%, same station expenses increased 3% and same station operating income increased 4%
• EBITDA increased 5% to $31.0 million
• Net income per share was $0.29
• Adjusted net income per share increased 7% to $0.30
• Free cash flow increased 7% to $23.4 million