Entercom: Business Impact Too Soon to Gauge

Entercom says it can’t yet foretell the impact of Katrina on its business, the Philadelphia Business Journal reports. The company has six stations in the New Orleans area. It has withdrawn its most recent guidance for financial analysts because of the impact of Katrina on operations. Those six stations account for 6% of the group’s revenue, according to the account.
“The amount, duration and timing of any financial impact on Entercom’s financial results cannot be determined at this time,” stated Entercom.