Entravision TV Revenue Up 6% in QuarterLocal and national advertising is up, as is retrans cash 8/02/2013 10:15:16 AM Eastern
Entravision reported second-quarter revenue of $57 million,
up 5% from the same quarter in 2012.
Television group revenues were $39.6 million, up 6% in the
quarter, while radio revenue was $17.4 million, up 2% for the second quarter.
The Spanish-language broadcaster's revenue increased $2.5
million in the quarter -- $2.2 million from television and $.3 million from
radio. The television group showed increases in local and national advertising
revenue, along with retransmission consent revenue. That helped offset a
decrease in political advertising revenue.
"During the second quarter, we achieved
revenue growth driven by increases in both our television and radio
segments," said Walter Ulloa, chairman and CEO. "Core revenue
(excluding retransmission consent and political advertising revenue) from our
television and radio segments outperformed their respective industry averages,
and we improved our free cash flow over the second quarter of 2012. Our
audience shares remain strong in the nation's most densely populated Hispanic
markets, and we believe we are well positioned to benefit as the U.S. Hispanic
market continues to expand and advertisers increasingly recognize the
importance of reaching our target audience."