Revenue during the quarter grew 5.05 percent to $120.46 million from $114.66 million in the previous year period. Total expenses were 78.67 percent of quarterly revenues, down from 79.80 percent for the same period last year. This has led to an improvement of 113 basis points in operating margin to 21.33 percent.

Operating income for the quarter was $25.69 million, compared with $23.16 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $30.40 million compared with $28.02 million in the prior year period. At the same time, adjusted EBITDA margin improved 80 basis points in the quarter to 25.23 percent from 24.43 percent in the last year period.

David J. Field, president and chief executive officer, stated: "David J. Field, President and Chief Executive Officer, stated: "Entercom delivered another solid quarter of organic top line and bottom line growth, demonstrating the strength of our great local brands and our outstanding team. We are also very pleased to have just completed a highly successful refinancing that will lower our annual interest expense by more than $10 million and to have announced a terrific, value-creating acquisition of four stations in Charlotte. We are excited by the opportunities ahead as we look to finish the year on a strong note and get off to a great start in 2017."