Business

No. 69: David Field, Pat Paxton | Power 100

69

DAVID FIELD, 55

Chairman/president/CEO, Entercom

PAT PAXTON, 57

President of programming, Entercom

Last Year's Rank: New

COMBINING FORCES Entercom completed its merger with CBS Radio in November, creating a broadcast company with 235 stations in 48 markets -- including all of the top 10 and 23 of the top 25 -- that’s expected to generate $100 million in net cost synergies by third-quarter 2019.

LOCAL FOCUS After the merger, Entercom leapt from fourth to second in radio, reaching over 100 million listeners ages 12 and older per week, with particular strength in sports/news programming and alternative rock. The “new” Entercom’s goal, says Field, is to build on the “strong emphasis on great local programming” that both Entercom and CBS practiced separately. Paxton says he’s looking forward to bolstering the music side as well. “Everybody understands that their artists still can’t create a hit without radio’s involvement.”

MEMORABLE CONCERT Paxton “I was 14 or 15, living with my parents in Rapid City, S.D., and Elvis Presley came to town. This was a month or two before he died. I witnessed women throwing bras onstage -- everything that goes with an Elvis show. It was fascinating.”

Billboard Power 100 2018