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On May 9, 2005, Entercom Communications (ticker: ETM) released results for 1Q05 and offered guidance for 2Q05.

Here's what the company said about 2Q05:

The second quarter results will be negatively impacted to a small degree by several recent format changes. Based on the current business outlook, the Company expects to report an increase in same station net revenues and station operating expenses of approximately 4%.

For purposes of same station comparisons, last year’s same station second quarter net revenues were $114.9 million and station operating expenses were $63.4 million.

Implied Forecast:

  • Same-station net revenues: $119.5 million
  • Station operating expenses: $65.9 million

Etm

Source: Entercom (ETM) forecasts 4% growth in same-station revenue and station operating expenses