CEO David Field reports the third quarter of this year produced 14% lower revenues, but he says if you take out last year’s strong political spending and do the comparison that way, the year-to-year drop would be 12%. Like other radio executives, he expects “further sequential improvement” in this current fourth quarter. Field tells the 4:30 conference call that “conditions are improving over the last few weeks, most notably with national sales.” One area is up – digital revenues were ahead 37% over last year – and one is down. That’s costs, where Entercom has “driven many millions of dollars out of the core costs” of the company. Entercom announces that it’s selling some of its tower real estate to American Tower and expects to book some gains that way. How about the effect of “cash for clunkers”? Minimal – some dealers sold out of cars and thus pulled their advertising for a while.