Entercom: No Interest in iHeartRadio or Cox Stations

RADIO ONLINE | Monday, August 6, 2012

Having just announced a new deal with TuneIn, Entercom CEO David Field appears to be one of the few industry holdouts not ready to jump on the iHeartRadio bandwagon. Field said, "sharing our content is a good thing, if the business arrangement makes sense." Field did say he's open to continue the discussions with Clear Channel so the door is not completely closed.

In other Entercom news, Field says he has no interest in the Cox radio stations recently put up for sale noting the stations are in smaller markets that Entercom is not focused on. He said the current focus of the company is bringing down the debt. As of June 30th, Entercom had $6.7 million in cash and $610.8 million in senior debt.