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Category: Corporate Governance

  • Entravision Announces Strategic Amendment to Its Credit Agreement

    Entravision Announces Strategic Amendment to Its Credit Agreement

    BURBANK, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a global media and advertising technology company, announced that on July 15, 2025 it entered into a strategic amendment to its credit agreement. The move is intended to increase the company’s financial stability and accelerate debt reduction, resulting in lower financial risk through the term of its credit facility, which matures in March 2028.

    “We are pleased with the strategic changes we’ve made to our credit facility,” said Mark Boelke, Chief Financial Officer of Entravision. “Reducing debt is a key priority for Entravision that will provide operational and financial stability and flexibility. The media industry is undergoing unprecedented changes and this amendment provides us with additional financial flexibility to navigate these changes and build shareholder value.”

    Key provisions of the amendment include:

    Accelerated debt reduction

    • Scheduled quarterly term loan payments increased to $5 million from $2.5 million. This follows a voluntary prepayment of $10 million in the second quarter of 2025 and further strengthens the company’s low leverage ratios.
    • Revolving credit facility commitments decreased to $30 million from $75 million, optimizing available liquidity while reducing commitment fees.

    Enhanced financial stability

    • The net leverage ratio will be calculated on a trailing eight-quarter basis, instead of a trailing four-quarter basis, and the maximum permitted net leverage ratio increased to 4.0x from 3.25x. These changes are intended to moderate the effects of cyclical political advertising revenue, and provide a more stable leverage profile and greater operational flexibility.

    Additional details about the amendment to the credit agreement are available in the company’s Current Report on Form 8-K filed today with the U.S. Securities and Exchange Commission.

    About Entravision Communications Corporation

    Entravision is a global media and advertising technology company. In the U.S., we provide video, audio and digital marketing services to local and national advertisers through a portfolio of television and radio stations and digital advertising services that target Latino audiences. Our advertising technology business provides programmatic advertising technology and services to advertisers and app developers globally. Entravision is the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under the ticker: EVC. Learn more about us at entravision.com.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

  • Entravision Announces Leadership Appointments to Support Strategic Priorities

    Entravision Announces Leadership Appointments to Support Strategic Priorities

    Mark Boelke Named Chief Financial Officer and Treasurer

    Bill McNally Named Chief Accounting Officer and Corporate Controller

    Jeff DeMartino Named General Counsel and Secretary

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC) (“Entravision” or the “company”) announced today the following leadership appointments to support the execution of the company’s strategic and operational priorities, including continuing to grow its U.S. media television, audio and digital platforms and Smadex, its programmatic ad purchasing platform:

    • Mark Boelke, most recently General Counsel and Secretary of Entravision, has been appointed Chief Financial Officer and Treasurer, succeeding Christopher Young, who is departing the company.

    • Bill McNally, most recently Corporate Controller of Entravision, has been appointed Chief Accounting Officer and Corporate Controller.

    • Jeff DeMartino, most recently Deputy General Counsel of Entravision, has been appointed General Counsel and Secretary, succeeding Mr. Boelke.

    Entravision is also streamlining its management structure to align with its strategic and operational needs. Juan Saldivar, Chief Strategy Officer, is departing Entravision with his responsibilities assumed by existing members of the management team.

    Michael Christenson, Chief Executive Officer, said, “In addition to serving as a strong partner to me since I joined Entravision last year, Mark steps into the CFO role with significant experience guiding the company through change and initiatives like those important to our success today. During his almost 20 years with Entravision, Mark has helped oversee cost reduction programs and key acquisitions that have strengthened our product portfolio and audience reach. He is a proven team builder, working with the Board of Directors, management and sales and operations teams around the world to help advertisers reach audiences and consumers. I have tremendous confidence in Mark and the contributions he will make as CFO as we focus on our strategic and operational priorities, and I am confident in Entravision’s long-term opportunities.”

    Mr. Boelke said, “I am excited to serve as CFO and leverage my knowledge of the company and our industry to help shape Entravision’s path forward. With our financial strength and premier advertising and marketing platforms, we have a solid foundation for profitable growth and value creation. I look forward to working with Mike, our finance team and our Entravision colleagues in my new role.”

    Mr. Christenson continued, “Bill and Jeff both have proven records of accomplishment here at Entravision and at other companies. I am delighted to welcome them to their new roles. On behalf of the Entravision team, I also want to thank Chris and Juan for their dedication and service to the company. We wish them all the best.”

    About Mark Boelke

    Mr. Boelke has over three decades of business and legal experience, including in the media, advertising and technology industries. Mr. Boelke served as our General Counsel and Secretary since 2006, after joining Entravision in 2005 as our Deputy General Counsel and Vice President of Legal Affairs. In these roles, Mr. Boelke has provided advice and leadership to Entravision on mergers and acquisitions, strategic partnerships, equity and debt matters, corporate finance, IP, employment and other regulatory, risk management and compliance matters. Before joining Entravision, Mr. Boelke was an attorney at O’Melveny & Myers LLP, where he advised public and private companies on similar matters. Mr. Boelke earned his law degree from the University of Minnesota and a Bachelor of Arts degree from St. Olaf College.

    About Bill McNally

    Mr. McNally was appointed Entravision’s Corporate Controller in 2013. He previously served as Director of Financial Reporting from 2010 to 2013 and as Regional Controller from 2004 to 2010. Prior to joining Entravision, he served as Audit Manager at PwC. Mr. McNally earned his Bachelor of Arts degree in Business Economics from UCLA, with a minor in Accounting, and earned his CPA in 2004.

    About Jeff DeMartino

    Mr. DeMartino was appointed Deputy General Counsel, Executive Vice President of Digital and Assistant Secretary of Entravision in 2023 after having served as Deputy General Counsel since 2019. He joined Entravision in 2016 as Associate General Counsel. Previously, he served as an attorney at Morgan, Lewis & Bockius LLP and began his legal career at Simpson Thacher & Bartlett LLP. Mr. DeMartino earned his law degree from University of Michigan and a Bachelor of Arts degree from Georgetown University.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

    About Entravision Communications Corporation

    Entravision is a global media, advertising and technology solutions company that connects advertisers to audiences and consumers in the U.S., Latin America, Europe and Asia. Our U.S. media portfolio includes television stations, radio stations and digital media platforms that target Hispanic audiences, including as the largest affiliate group of the Univision and UniMás television networks. Smadex, our programmatic advertising purchasing platform, delivers targeted advertising to audiences around the world. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at entravision.com or connect with us on LinkedIn and Facebook.

  • Entravision Announces Board Updates

    Entravision Announces Board Updates


    Two New Directors Join the Board

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision (NYSE: EVC), a leading global advertising solutions, media and technology company, today announced the following updates to its Board of Directors (“the Board”), effective immediately, as part of the Company’s ongoing commitment to corporate governance practices and enhancing stockholder value:

    • Michael Christenson, Entravision’s Chief Executive Officer, was appointed as a director of the Company.

    • Lara Sweet, currently a director of MediaAlpha, Inc. and previously the Chief People Officer, Interim Chief Financial Officer, and Chief Accounting Officer and Controller of Snap Inc., was appointed as an independent director of the Company. Ms. Sweet will serve on the Audit Committee as a financial expert and on the Compensation Committee.

    • Juan Saldivar von Wuthenau, Entravision’s Chief Digital, Strategy and Accountability Officer, has resigned as a director of the Company. Mr. Saldivar will remain in his current executive role at Entravision which he has held since November 2020.

    “We are pleased to welcome both Mr. Christenson and Ms. Sweet as directors, consistent with our commitment to corporate governance and periodically refreshing the Board with new perspectives, skill sets and experiences,” commented Paul Zevnik, Chair of Entravision’s Board of Directors. “We look forward to benefiting from Mr. Christenson’s extensive experience with high-growth public and private technology companies and, in conjunction with his role as CEO of the Company, building on our strategy to drive growth and stockholder value. In addition, Ms. Sweet has valuable leadership experience in finance and human resources at major technology companies. These updates align with our ongoing Board refreshment and succession planning, which includes the appointment earlier this year of Brad Bender, who brings significant digital advertising industry experience, and Tom Strickler, who added deep knowledge of the media and entertainment industry as well as significant business leadership expertise. I’d also like to thank Mr. Saldivar for his contributions to the Board over the past nine years and for remaining in his executive role as the Company continues to build value with our digital media, advertising and technology platforms.”

    Mr. Saldivar added, “It has been an honor to serve as a director since 2014, while helping develop and implement the Company’s digital strategy as an external consultant since 2011 and a member of the executive team for the past three years. I believe Entravision’s future is bright and I look forward to continuing to collaborate with the Board and executive team as we advance our strategy of being a premiere global media, advertising solutions and technology company.”

    Ms. Sweet has been a director of MediaAlpha, Inc., a marketing technology company that uses technology and data science to help businesses optimize their customer acquisition efforts, since the completion of its initial public offering in October 2020 and serves as the chair of its Audit Committee. In addition, Ms. Sweet serves as an advisor to private technology companies. From May 2019 to June 2021, Ms. Sweet served as the Chief People Officer at Snap Inc., a technology company and owner of the Snapchat application. Prior to that, Ms. Sweet served as Snap’s Interim Chief Financial Officer from January 2019 to May 2019, and as Chief Accounting Officer and Controller from June 2016 to September 2019. During her tenure in these roles, Ms. Sweet was integrally involved in developing and implementing best practices across Snap’s accounting and financial reporting functions, among other key initiatives. Prior to Snap, Ms. Sweet served as Controller and Chief Accounting Officer at AOL. She has also held the positions of Senior Director, External Reporting at Freddie Mac and Senior Manager, Internal Audit at Marriott International. Ms. Sweet received a B.S. in Accounting from George Mason University.

    About Entravision Communications Corporation

    Entravision is a global advertising solutions, media and technology company. Over the past three decades, we have strategically evolved into a digital powerhouse, expertly connecting brands to consumers in the U.S., Latin America, Europe, Asia and Africa. Our digital segment, the company’s largest by revenue, offers a full suite of end-to-end advertising services in 40 countries. We have commercial partnerships with Meta, X Corp. (formerly known as Twitter), TikTok, and Spotify, and marketers can use our Smadex and other platforms to deliver targeted advertising to audiences around the globe. In the U.S., we maintain a diversified portfolio of television and radio stations that target Hispanic audiences and complement our global digital services. Entravision remains the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at entravision.com or connect with us on LinkedIn and Facebook.

  • Entravision Announces New Employment Inducement Grants under NYSE Listing Rule 303A.08

    Entravision Announces New Employment Inducement Grants under NYSE Listing Rule 303A.08

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision (NYSE: EVC) (“Entravision” or the “Company”), a leading global advertising solutions, media and technology company, today announced that the Board of Directors of Entravision granted restricted stock unit awards covering an aggregate of 1,000,000 shares of its common stock (the “RSU Award”) and performance unit awards covering 1,000,000 shares of its common stock (the “PSU Award” and together, the “Awards”) to Michael Christenson effective as of July 1, 2023, the date that he joins Entravision as its Chief Executive Officer.

    The Awards were granted under the recently adopted Entravision Communications Corporation 2023 Inducement Plan (the “Inducement Plan”) as an inducement material to Mr. Christenson entering into employment with Entravision in accordance with New York Stock Exchange Listing Rule 303A.08. The Inducement Plan may be used exclusively for the grant of equity awards to individuals who were not previously employees of Entravision, or following a bona fide period of non-employment, as an inducement material to such individuals’ entering into employment with Entravision, pursuant to New York Stock Exchange Listing Rule 303A.08.

    The RSU Award will vest over five years, with 20% of the RSUs vesting on July 1, 2024, and the remaining 80% of the RSUs vesting in eight equal semi-annual installments thereafter. The foregoing vesting is subject to Mr. Christenson’s continuous service through the applicable vesting date, except that vesting is fully accelerated in the event of Mr. Christenson’s death or disability or his termination of service within three months prior to or two years after a change of control by either the Company without cause or by Mr. Christenson for good reason.

    The PSUs will vest by a combination of both market-based vesting conditions based on total shareholder return hurdles and time-based vesting, both of which must be satisfied before the PSUs will be deemed vested, subject to his continuous service through the applicable vesting dates. The market-based vesting conditions will be satisfied in five equal tranches, in each case if the Company’s average closing price over 30 consecutive trading days prior to July 1, 2028 equals or exceeds the specified hurdle price for such tranche. For each tranche, the time-based vesting conditions will be satisfied over five years, with 20% of each tranche satisfying the time-based vesting conditions on July 1, 2024, and the remaining 80% of such tranche satisfying the time-based vesting conditions in eight equal semi-annual installments thereafter. The foregoing vesting is also subject to Mr. Christenson’s continuous service through the applicable vesting date, except that time-based vesting conditions are fully accelerated in the event of Mr. Christenson’s death or disability or his termination of service within three months prior to or two years after a change of control by either the Company without cause or by Mr. Christenson for good reason. In addition, in the event of a change of control of the Company, the PSUs will convert into a time-based award with market-based conditions deemed to be achieved if the sale price equals or exceeds the applicable hurdle prices.

    About Entravision Communications Corporation

    Entravision is a global advertising solutions, media and technology company. Over the past three decades, we have strategically evolved into a digital powerhouse, expertly connecting brands to consumers in the U.S., Latin America, Europe, Asia and Africa. Our digital segment, the company’s largest by revenue, offers a full suite of end-to-end advertising services in 41 countries. We have commercial partnerships with Meta, Twitter, TikTok and Spotify, and marketers can use our Smadex and other platforms to deliver targeted advertising to audiences around the globe. In the U.S., we maintain a diversified portfolio of television and radio stations that target Hispanic audiences and complement our global digital services. Entravision remains the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at entravision.com or connect with us on LinkedIn and Facebook.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

  • Entravision Appoints Michael Christenson as Chief Executive Officer

    Entravision Appoints Michael Christenson as Chief Executive Officer

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision (NYSE: EVC), a leading global advertising solutions, media and technology company, today announced that Michael Christenson has been appointed Chief Executive Officer, effective July 1, 2023.

    “We are excited to welcome Mike as Entravision’s next CEO,” said Paul A. Zevnik, Chair of Entravision’s Board of Directors. “Mike is a proven executive with operational and financial expertise and a track record of driving growth through operational execution and strategic acquisitions. We are confident that his skills and experience will help us unlock opportunities to expand our digital, television and audio segments, enhance our offerings and strengthen our competitive position in international markets. We are pleased that Mike will be joining our team to continue the mission that Walter Ulloa pursued in building the Company over many years and with the same core values that Walter instilled in the people of Entravision.”

    Mr. Christenson joins Entravision with more than four decades of experience in helping companies navigate industry and technology transformation as a senior leader, investor and advisor. He previously served as President and Chief Operating Officer of two public software companies, New Relic and CA Technologies, and as an investment banker with Allen & Company and Salomon Brothers. He has also served on the board of a number of high-growth public and private technology companies.

    “I am honored to join the team at Entravision,” said Mr. Christenson. “Entravision is an industry leader with a unique value proposition and an impressive suite of digital marketing services across its global footprint. As a leading global advertising solutions, media and technology company, Entravision is well positioned for continued growth and I look forward to leveraging my expertise and working together with the talented team to reach even greater heights.”

    Mr. Zevnik added, “I want to thank our entire management team for working to continue the Company’s outstanding performance and building on 2022, which was a record financial year for revenue and consolidated adjusted EBITDA.”

    About Entravision Communications Corporation

    Entravision is a global advertising solutions, media and technology company. Over the past three decades, we have strategically evolved into a digital powerhouse, expertly connecting brands to consumers in the U.S., Latin America, Europe, Asia and Africa. Our digital segment, the company’s largest by revenue, offers a full suite of end-to-end advertising services in 40 countries. We have commercial partnerships with Meta, Twitter, TikTok and Spotify, and marketers can use our Smadex and other platforms to deliver targeted advertising to audiences around the globe. In the U.S., we maintain a diversified portfolio of television and radio stations that target Hispanic audiences and complement our global digital services. Entravision remains the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at entravision.com or connect with us on LinkedIn and Facebook.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

  • Entravision Communications Corporation Earns 2023 Great Place To Work Certification™

    Entravision Communications Corporation Earns 2023 Great Place To Work Certification™

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision (NYSE: EVC) announced today that it was Certified™ by Great Place To Work® for the fourth time. The prestigious award is based entirely on what current employees say about their experience working at Entravision. This year, 82% of employees characterized it as a great place to work, which was 25 points higher than the average U.S. company.

    Great Place To Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation.

    “We owe our continued success and this recognition to Entravision’s entire global team of dedicated employees and thank them for all they do to earn this incredible recognition for the fourth time,” said Alexander LaBrie, Global Head, Human Resources & Risk Management at Entravision. “Being recognized as a Great Place to Work is an opportunity to continue to reflect on the responsibility we have to our people and our culture going forward, and ensuring we continue to raise the bar on enabling the best possible employee experience at Entravision.”

    “The Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience,” says Sarah Lewis-Kulin, the Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is the sole official recognition earned by the real-time feedback of employees regarding their company culture. Ms. Lewis-Kulin continued, “By successfully earning this recognition, it is evident that Entravision stands out as one of the top companies to work for, providing a great workplace environment for its employees.”

    According to Great Place To Work research, job seekers are 4.5 times more likely to find a great boss at a Certified great workplace. Additionally, employees at Certified workplaces are 93% more likely to look forward to coming to work, and are twice as likely to be paid fairly, earn a fair share of the company’s profits and have a fair chance at promotion.

    About Entravision Communications Corporation

    Entravision is a global advertising solutions, media and technology company. Over the past three decades, we have strategically evolved into a digital powerhouse, expertly connecting brands to consumers in the U.S., Latin America, Europe, Asia and Africa. Our digital segment, the company’s largest by revenue, offers a full suite of end-to-end advertising services in 40 countries. We have commercial partnerships with Meta, Twitter, TikTok, and Spotify, and marketers can use our Smadex and other platforms to deliver targeted advertising to audiences around the globe. In the U.S., we maintain a diversified portfolio of television and radio stations that target Hispanic audiences and complement our global digital services. Entravision remains the largest affiliate group of the Univision and UniMás television networks. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at entravision.com or connect with us on LinkedIn and Facebook.

    About Great Place to Work Certification™

    Great Place To Work® Certification™ is the most definitive “employer-of-choice” recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place To Work-Certified.

    About Great Place To Work®

    As the global authority on workplace culture, Great Place To Work® brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.

    Learn more at greatplacetowork.com and follow Great Place To Work on LinkedIn, Twitter, Facebook and Instagram.

  • Entravision Announces New Credit Facility

    Entravision Announces New Credit Facility

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision (NYSE: EVC), a leading global advertising solutions, media and technology company, today announced that on March 17, 2023 the Company entered into a new $275 million credit facility, consisting of a $200 million term loan A and a $75 million revolving credit facility. Led by Bank of America, Wells Fargo, and J.P. Morgan Chase, the new credit facility replaces the Company’s existing credit facility entered into on November 30, 2017.

    “The closing of this facility in this volatile financial market is a testament to the continued financial strength of our Company,” said Chris Young, Interim Chief Executive Officer and Chief Financial Officer of Entravision. “Our new facility extends the maturity of Entravision’s outstanding debt, while at the same time increases the flexibility of our strong balance sheet. We remain well-capitalized as we continue to execute on our long-term strategic plan and show leadership in the global digital media industry.”

    Entravision anticipates it will use the proceeds from the new credit facility to fund its working capital needs, acquisitions and other general corporate purposes. Additional details on the new credit facility are outlined in the company’s Current Report on Form 8-K filed today with the Securities and Exchange Commission.

    About Entravision

    Entravision is a leading global advertising solutions, media and technology company connecting brands to consumers by representing top platforms and publishers. Our dynamic portfolio includes digital, television and audio offerings. Digital, our largest revenue segment, comprises four business units: our digital sales representation business; Smadex, our programmatic ad purchasing platform; our branding and mobile performance solutions business; and our digital audio business. Through our digital sales representation business, we connect global media companies such as Meta, Twitter, TikTok and Spotify with advertisers in primarily emerging growth markets worldwide. Smadex is our mobile-first demand side platform, enabling advertisers to execute performance campaigns using machine learning. We also offer a branding and mobile performance solutions business, which provides managed services to advertisers looking to connect with global consumers, primarily on mobile devices, and our digital audio business provides digital audio advertising solutions for advertisers in the Americas. In addition to digital, Entravision has 49 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 45 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at entravision.com or connect with us on LinkedIn.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the company disclaims any duty to update any forward-looking statements made by the company. From time to time, these risks, uncertainties and other factors are discussed in the company’s filings with the Securities and Exchange Commission.

  • Entravision Announces the Unexpected Passing of Chairman and Chief Executive Officer Walter F. Ulloa

    Entravision Announces the Unexpected Passing of Chairman and Chief Executive Officer Walter F. Ulloa

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision (NYSE: EVC), a leading global advertising solutions, media and technology company, today announced that Walter F. Ulloa, the Company’s Chairman and Chief Executive Officer, passed away of a sudden heart attack on December 31, 2022. He was 74 years old.

    Entravision’s Board of Directors issued the following statement:

    “We are profoundly saddened by the sudden passing of Walter Ulloa and extend our heartfelt condolences to Walter’s wife, son and entire family. Since founding Entravision more than 25 years ago, Walter has been an exceptional leader who transformed the company from a traditional multi-linear Spanish-language company that currently owns and operates approximately 100 domestic television and radio stations, to a global digital media powerhouse with a footprint that today reaches across more than 40 countries. Well-known and respected throughout the media industry, Walter’s passion, energy, and devotion to our company will be greatly missed. We have lost a leader and a friend.

    Thanks to Walter’s dynamic leadership, Entravision has assembled an experienced management team that will continue to drive the company’s long-term growth strategy as we serve our customers, our partners, and our shareholders.”

    The Board also announced today that it has appointed Chris Young, Chief Financial Officer and Treasurer, as Interim Chief Executive Officer, effective immediately. Mr. Young has over two decades of experience in banking and corporate finance across the media, advertising and technology industries and has served as Treasurer and CFO of Entravision since 2008. He originally joined Entravision in August 2000 as CFO of the Company’s outdoor advertising division, of which he became President in February 2004 prior to the division’s sale in May 2008.

    The Board of Directors will continue to meet to discuss matters related to the orderly transition and is currently conducting a search for a full-time replacement for the role of Chief Executive Officer.

    Mr. Ulloa was a visionary in Spanish language broadcasting with nearly five decades of experience in television, radio and digital media. He co-founded Entravision in 1996, becoming the Chairman and Chief Executive Officer of the Company, roles he held until his passing. Mr. Ulloa served as director and Chairman of Entravision’s Board of Directors since February 2000. From 1976 to 1989, Mr. Ulloa worked at KMEX-TV, Los Angeles, California as Operations Manager, Production Manager, News Director, Local Sales Manager and Account Executive. This was followed by seven successful years in development, management and ownership of Entravision’s predecessor entities.

    About Entravision

    Entravision is a leading global advertising, media and ad-tech solutions company connecting brands to consumers by representing top platforms and publishers. Our dynamic portfolio includes digital, television and audio offerings. Digital, our largest revenue segment, is comprised of four business units: our digital sales representation business; Smadex, our programmatic ad purchasing platform; our branding and mobile performance solutions business; and our digital audio business. Through our digital sales representation business, we connect global media companies such as Meta, Twitter, TikTok and Spotify with advertisers in primarily emerging growth markets worldwide. Smadex is our mobile-first demand side platform, enabling advertisers to execute performance campaigns using machine learning. We also offer a branding and mobile performance solutions business, which provides managed services to advertisers looking to connect with global consumers, primarily on mobile devices, and our digital audio business provides digital audio advertising solutions for advertisers in the Americas. In addition to digital, Entravision has 49 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 45 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on the NYSE under ticker: EVC. Learn more about our offerings at entravision.com or connect with us on LinkedIn and Facebook.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

    Christopher T. Young

    Interim Chief Executive Officer

    Entravision

    310-447-3870

    Kimberly Esterkin

    Addo Investor Relations

    310-829-5400

    evc@addo.com

    Source: Entravision

  • Entravision Earns 2022 Great Place to Work Certification™

    Entravision Earns 2022 Great Place to Work Certification™

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision (NYSE: EVC), a leading global advertising solutions, media and technology company, is proud to announce that the Company has been Certified™ by Great Place to Work® for the third time. This prestigious award is based entirely on the feedback of current employees. Approximately 84% of Entravision employees actively identified the Company as a ‘great place to work,’ which is 20 percentage points higher than that of the average U.S. company.

    “We are thrilled to become Great Place to Work-Certified for the third time,” said Entravision’s Executive Vice President of Global Human Resources and Risk Management, Alexander LaBrie. “Our employees are our most valuable asset, and our priority is to provide not only a top-notch employee experience every day, but to also work tirelessly to make the experience both positive and safe. We owe our success and this recognition to Entravision’s entire global team of dedicated employees. We celebrate and thank the Entravision family, whose support has enabled our Company to earn such an incredible recognition not once, not twice, but three times.”

    “We are proud to be able to honor Entravision for their incredible work environment,” said Sarah Lewis-Kulin, Vice President of Global Recognition at Great Place to Work. “This Great Place to Work Certification™ is the only official honor determined by employee real-time reports of their company’s culture. By earning this designation, Entravision is truly one of the best companies to work for in the country.”

    For nearly three decades, Great Place to Work® has been the global authority on workplace culture, employee experience, and leadership behaviors. Companies who receive this prominent certification have proven to deliver market-leading revenue, employee retention and increased innovation to their industries, while job seekers of such companies are 4.5 times more likely to find a great boss. Additionally, employees at Certified™ workplaces are 93% more likely to look forward to coming to work on a daily basis and are twice as likely to be paid fairly, earning a just share of their company’s profits with strong opportunities for continued promotion.

    Entravision last earned the Great Place to Work Certification™ in 2021.

    About Entravision

    Entravision is a leading global advertising solutions, media and technology company connecting brands to consumers. Our dynamic portfolio includes digital, television and audio offerings. Digital, our largest revenue segment, is comprised of four business units: our digital sales representation business; Smadex, our programmatic ad purchasing platform; our branding and mobile performance solutions business; and our digital audio business. Through our digital sales representation business, we connect global media companies such as Meta, Twitter, TikTok and Spotify with advertisers in primarily emerging growth markets worldwide. Smadex is our mobile-first demand side platform, enabling advertisers to execute performance campaigns using machine learning. We also offer a branding and mobile performance solutions business, which provides managed services to advertisers looking to connect with global consumers, primarily on mobile devices, and our digital audio business provides digital audio advertising solutions for advertisers in the Americas. In addition to digital, Entravision has 49 television stations and is the largest affiliate group of the Univision and UniMás television networks. Entravision also manages 46 primarily Spanish-language radio stations that feature nationally recognized, Emmy award-winning talent. Shares of Entravision Class A Common Stock trade on The New York Stock Exchange under the ticker symbol: EVC. Learn more about all of our media, marketing and technology offerings at entravision.com or connect with us on LinkedIn and Facebook.

    About Great Place to Work Certification™

    Great Place to Work® Certification™ is the most definitive “employer-of-choice” recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place to Work-Certified.

    About Great Place to Work®

    Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™. Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

    Christopher T. Young

    Chief Financial Officer

    Entravision Communications Corporation

    310-447-3870

    Kimberly Esterkin

    ADDO Investor Relations

    310-829-5400

    evc@addo.com

    Source: Entravision

  • Entravision Communications Corporation Earns Great Place to Work Certification™

    Entravision Communications Corporation Earns Great Place to Work Certification™

    SANTA MONICA, Calif.–(BUSINESS WIRE)–
    Entravision Communications Corporation (NYSE: EVC), a leading global media and marketing technology company, is proud to announce that the Company has been Certified™ by Great Place to Work® for the second time. This prestigious award is based entirely on the feedback of current employees. Approximately 80% of Entravision employees actively identified the Company as a ‘great place to work,’ which is 19 percentage points higher than that of the average U.S. company.

    “We are thrilled to become Great Place to Work-Certified for the second time,” said Entravision’s Executive Vice President of Global Human Resources and Risk Management, Alexander LaBrie. “Ensuring a top-notch employee experience is an everyday priority at Entravision. We owe our success to our entire team of employees who continued to show their incredible dedication to Entravision and our customers even during one of the most difficult years in economic history. We celebrate and thank each and every one of our employees for all they do for our company, which has enabled Entravision to earn such an incredible recognition not once, but twice.”

    “Receiving a Great Place to Work Certification is not something that comes easily. Rather, it takes ongoing dedication by a company to their overall employee experience from the initial hiring to ongoing workplace development,” said Vice President of Global Recognition at Great Place to Work, Sarah Lewis Kulin. “It’s the only official recognition determined by employees’ real-time reports of their company’s culture. Earning this designation means that Entravision’s employees truly believe that their company is one of the best to work for in the country.”

    For nearly three decades, Great Place to Work® has been the global authority on workplace culture, employee experience, and leadership behaviors. Companies who receive this prominent certification have proven to deliver market-leading revenue, employee retention and increased innovation to their industries, while job seekers of such companies are 4.5 times more likely to find a great boss. Additionally, employees at Certified™ workplaces are 93% more likely to look forward to coming to work on a daily basis and are twice as likely to be paid fairly, earning a just share of their company’s profits with strong opportunities for continued promotion.

    Entravision Communications Corporation last earned the Great Place to Work Certification™ in 2017.

    About Entravision Communications Corporation

    Entravision is a diversified global media, marketing and technology company serving clients throughout the United States and in more than 20 countries across Latin America, Europe, and Asia. Entravision has 54 television stations and is the largest affiliate group of the Univision and UniMás television networks, and 48 Spanish-language radio stations that feature nationally recognized, award-winning talent. Our dynamic digital portfolio includes Entravision Digital, which serves SMBs in high-density U.S. Latino markets and provides cutting-edge mobile programmatic solutions and demand-side platforms that allow advertisers to execute performance campaigns using machine-learned bidding algorithms, along with Cisneros Interactive, a leader in digital advertising solutions in the Latin American and U.S. Hispanic markets representing major technology platforms. Shares of Entravision Class A Common Stock trade on The New York Stock Exchange under the ticker symbol: EVC. Learn more about all of our media, marketing and technology offerings at entravision.com or connect with us on LinkedIn and Facebook.

    About Great Place to Work Certification™

    Great Place to Work® Certification™ is the most definitive “employer-of-choice” recognition that companies aspire to achieve. It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace. Great Place to Work Certification is recognized worldwide by employees and employers alike and is the global benchmark for identifying and recognizing outstanding employee experience. Every year, more than 10,000 companies across 60 countries apply to get Great Place to Work-Certified.

    About Great Place to Work®

    Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™. Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, and the Company disclaims any duty to update any forward-looking statements made by the Company. From time to time, these risks, uncertainties and other factors are discussed in the Company’s filings with the Securities and Exchange Commission.

    Christopher T. Young

    Chief Financial Officer

    Entravision Communications Corporation

    310-447-3870

    Kimberly Esterkin

    ADDO Investor Relations

    310-829-5400

    evc@addo.com

    Source: Entravision Communications Corporation