Entravision Reports Q4 Loss, Full-Year Loss Improves
Spanish-Language Broadcaster Is Largest Affiliate Group of Univision, TeleFutura
By B&C Staff -- Broadcasting & Cable, 2/29/2008 7:06:00 AM
Spanish-language broadcaster Entravision Communications reported a fourth-quarter net loss of $48 million compared with a net profit of $21 million for the same period a year earlier, on revenues that slipped 3% to $62.5 million.
For the full year, the company’s net loss improved to $44 million versus $134.6 million during the prior year. Full-year revenues fell 2% to $250 million.
During 2007, Entravision repurchased 7.2 million shares at a cost of $60.7 million. The company also announced that it will sell its outdoor-advertising division for $100 million.
Among its holdings, Entravision owns television stations in 20 of the top 50 Hispanic markets. It is the largest affiliate group of both Univision and Univision’s TeleFutura network.
Entravision Reports Q4, Full-Year Loss
03/02/2008Entravision Q2 Revenue Down
08/03/2007Univision Strikes Deal with AT&T
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