November 20, 2017

Eileen McDonnell and Penn Mutual Place in Final Four in 2017 EY Award National Competition for Financial Services

We’re excited to share with you that on Saturday evening, November 18, Chairman & CEO Eileen McDonnell, representing Penn Mutual, placed in the Final Four for the Financial Services category in the 2017 Ernst and Young (EY) Entrepreneur Of The Year National Awards competition.

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The Penn Mutual Life Insurance Company Marks 10th Consecutive Year Maintaining or Growing its Dividend Scale with $70 Million Dollar Payout

HORSHAM, Pa.–(BUSINESS WIRE)–The Penn Mutual Life Insurance Company (Penn Mutual) is proud to announce it will maintain its dividend scale for 2018. The company’s Board of Trustees has approved a 2018 dividend award payout of $70 million. Penn Mutual, headquartered in Horsham, PA, attributes the substantial dividend payout increase to the growth and strong performance of its whole life business.

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Entercom completes $2.4 billion CBS Radio deal

Entercom Communications Corp. has closed its $2.4 billion acquisition of CBS Radio (parent of KYW), in the process becoming the second largest U.S. radio company.

The Bala Cynwyd, Pa.-based company now just trails iHeart Radio and has a nationwide footprint of 235 stations, including virtually all of the 25 largest markets, and has broadcast rights deals with 45 professional sports teams and several college teams. David Field, Entercom’s CEO and son of company founder Joseph Field, will run the combined company.

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