On February 24, 2009, Entercom Communications Corp. (the "Company") issued a press release (the "Press Release") announcing fourth quarter and year end 2008 results. Specifically, the Company announced that for the fourth quarter of 2008:

†        net revenues of $104.1 million;

†        station operating expenses of $65.5 million;

†        operating loss of $622.3 million;

-        loss from continuing operations of $429.2 million; and

†        net loss of $429.8 million.

In addition, the Company announced that for the year ended December 31, 2008:

†        net revenues of $438.8 million;

†        station operating expenses of $276.2 million;

†        operating loss of $710.3 million;

-        loss from continuing operations of $512.6 million; and

†        net loss of $516.7 million.

A copy of the Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed to be incorporated by reference in any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

On February 10, 2009, the Board of Directors of Entercom Communications Corp. (the "Company") approved, subject to shareholder approval, an amendment to the Entercom Equity Compensation Plan to permit an option exchange program (the "Option Exchange Program"). The Option Exchange Program will be proposed to the shareholders of the Company for their approval at the May 12, 2009 Annual Meeting of the Company. On February 19, 2009, David J. Field, the Company's Chief Executive Officer and President, sent a memorandum to holders of eligible options announcing the Option Exchange Program and describing its key features. Attached to the memorandum was a Questions and Answers Summary Regarding Option Exchange Program. The text of this memorandum is attached hereto as Exhibit 99.2 and the Questions and Answers Summary Regarding Option Exchange Program is attached hereto as Exhibit 99.3. Each of Exhibit 99.2 and Exhibit 99.3 is incorporated herein by reference.

Subject to shareholder approval of the Option Exchange Program, the Company intends to offer to Company employees and non-employee directors a one-time opportunity to voluntarily exchange all of their outstanding stock options with exercise prices equal to or

greater than $11.80 per share for a lesser number of shares of restricted Class A common stock of the Company. The exchange ratio under the Option Exchange Program will depend on the exercise price of the options surrendered, in accordance with the following:

Option                                   Exchange Ratio
Strike Price                           (Options For RSUs)
At least $11.80 but less than $30.00       2.25 for 1
           $30.00 or more                  4.50 for 1

The filing of this Form 8-K and attached exhibits are intended to satisfy the Company's filing obligations under Securities Exchange Act Rule 13e-4(c) regarding communications made by an issuer prior to the commencement of an issuer tender offer and Rule 14a-12 regarding proxy solicitation materials distributed prior to the filing of a proxy statement, meeting the requirements of Exchange Act Rule 14a-3(a).

Item 9.01.    Exhibits



(d)      Exhibits



Exhibit No.                                    Title

99.1           Entercom Communications Corp.'s Press Release, issued February 24,
               2009.

99.2           Memorandum From David J. Field To Certain Entercom Communications
               Corp. Option Holders, transmitted on February 19, 2009.

99.3           Questions and Answers Summary Regarding Option Exchange Program
               attached to the memorandum from David J. Field To Certain Entercom
               Communications Corp. Option Holders, transmitted on February 19, 2009.