Entercom Communications posts 4Q profit

BALA CYNWYD, Pa. (AP) _ Entercom Communications Corp. (ETM) on Thursday reported fourth-quarter earnings of $232.7 million.

On a per-share basis, the Bala Cynwyd, Pennsylvania-based company said it had profit of $2.59. Earnings, adjusted for one-time gains and costs, came to 16 cents per share.

The radio broadcasting company posted revenue of $246.6 million in the period.

For the year, the company reported profit of $233.8 million, or $4.42 per share. Revenue was reported as $592.9 million.

Entercom Communications shares have declined 5 percent since the beginning of the year. The stock has decreased 31 percent in the last 12 months.

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