Category: Corporate Governance

SANTA MONICA, Calif., Dec. 19, 2019 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified global media and marketing technology company reaching Latino consumers, today announced its intention to make a prepayment on December 30, 2019 of $25 million of term loans under the company’s senior secured term loan credit facility entered into on November 30, 2017. Entravision anticipates funding this prepayment by using cash on hand. Following the prepayment, approximately $218 million will remain outstanding under the company’s term loan credit facility. 

“We continue to proactively manage our capital structure and over the past several years have opportunistically reduced our total debt,” said Walter F. Ulloa, Chairman and Chief Executive Officer of Entravision. “By maintaining a solid balance sheet we are well positioned to continue to execute on our strategic plan and return capital to our shareholders through our share repurchase program and dividend.”

About Entravision Communications Corporation
Entravision is a diversified global media and marketing technology company that reaches and engages Latino consumers in the U.S. and other markets primarily including Mexico, Latin America and Spain. Entravision’s portfolio includes digital media properties and advertising technology platforms that deliver performance-based solutions and data insights, along with 55 television stations and 49 radio stations.  Entravision’s digital and technology businesses include Headway, a leading global provider of mobile, programmatic, data and performance digital marketing solutions, as well as Pulpo Media, the top-ranked online advertising platform in connecting businesses with U.S. Latinos. Entravision is the largest affiliate group of both the Univision and UniMás television networks, and its Spanish-language radio stations feature its nationally recognized talent. Entravision also operates Entravision Solutions, a national sales and marketing organization representing over 300 owned and affiliated radio stations, radio networks and digital media platforms, and Headway’s audio advertising platform, AudioEngage. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC. Learn more at: www.entravision.com.

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SOURCE Entravision Communications Corporation

SANTA MONICA, Calif., May 17, 2019 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified global media and advertising technology company serving Latino consumers, announced today that Esteban Lopez Blanco has decided to step down as Chief Strategy Officer. 

Mr. Lopez Blanco joined Entravision in 2009 as the company’s Executive Director of Interactive, reporting to and helping the Chief Executive Officer lead digital initiatives at the company. Mr. Lopez Blanco was later appointed as the company’s Chief Strategy Officer in 2013 to lead corporate strategy, new business development, innovation, investments and M&A. Prior to joining Entravision, Mr. Lopez Blanco was an entrepreneur, founder and CEO of a variety of successful digital and technology educational ventures in California.

“Esteban has been a key part of the Entravision team for over ten years, and during that time he played a key role in the development and execution of our digital strategy. Esteban’s knowledge, vision and creativity have been critical to helping us develop a business model of digital growth and become increasingly efficient, data-driven and future-looking. We want to thank him for his service and dedication to the company and wish him the best in his future endeavors,” said Walter F. Ulloa, Entravision’s Chairman and Chief Executive Officer.

“I am very grateful to Walter and the executive team for trusting me to help them in leading during times of exponential change. I am proud to have been part of transforming Entravision’s business and strategy on digital, technology, data, new products, new markets as well as through organic growth and multiple M&A accomplishments,” said Mr. Lopez Blanco.

About Entravision Communications Corporation
Entravision is a diversified global media, advertising technology and data analytics company that reaches and engages Latino consumers in the U.S. and other markets primarily including Mexico, Latin America and Spain. Entravision’s portfolio includes digital media properties and advertising technology platforms that deliver performance-based solutions and data insights, along with 55 television stations and 49 radio stations.  Entravision’s digital and technology businesses include Headway, a leading global provider of mobile, programmatic, data and performance digital marketing solutions, as well as Pulpo Media, the top-ranked online advertising platform in connecting businesses with U.S. Latinos. Entravision is the largest affiliate group of both the Univision and UniMás television networks, and its Spanish-language radio stations feature its nationally recognized talent. Entravision also operates Entravision Solutions, a national sales and marketing organization representing over 300 owned and affiliated radio stations, radio networks and digital media platforms, and Headway’s audio advertising platform, AudioEngage. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC. Learn more at: www.entravision.com.

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SOURCE Entravision Communications Corporation

SANTA MONICA, Calif., April 9, 2019 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC) (“Entravision” or the “Company”), a diversified global media and advertising technology company serving Latino consumers, today announced that on April 3, 2019 it received a notice from the New York Stock Exchange (the “NYSE”) that the Company was not in compliance with the NYSE’s continued listing requirements under the timely filing criteria established in Section 802.01E of the NYSE Listed Company Manual, because the Company did not timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2018 (its “Form 10-K”) with the Securities and Exchange Commission (the “SEC”) on or prior to the due date thereof or by the extended filing due date provided by Rule 12b-25.  Such notices are routinely issued by the NYSE when there are late filings with the SEC.  The NYSE informed the Company that, under the NYSE’s rules, the Company has six months from April 2, 2019 to file its Form 10-K with the SEC. 

As previously disclosed by the Company in its Form 12b-25 filed with the SEC on March 18, 2019, as a result of the Company’s expanding business operations and geographical scope, including related to the acquisition of Headway and other digital businesses, the Company experienced unexpected delays in its completion of the audit of its financial statements for the year ended December 31, 2018. 

The Company continues to work diligently to complete its audit and Form 10-K and does not currently anticipate this delay will be lengthy.  The Company intends to file its Form 10-K and report its financial results for the fourth quarter and fiscal year ended December 31, 2018 as soon as practicable.

About Entravision Communications Corporation
Entravision is a diversified global media, advertising technology and data analytics company that reaches and engages Latino consumers in the U.S. and other markets primarily including Mexico, Latin America and Spain. Entravision’s portfolio includes digital media properties and advertising technology platforms that deliver performance-based solutions and data insights, along with 55 television stations and 49 radio stations.  Entravision’s digital and technology businesses include Headway, a leading global provider of mobile, programmatic, data and performance digital marketing solutions, as well as Pulpo Media, the top-ranked online advertising platform in connecting businesses with U.S. Latinos. Entravision is the largest affiliate group of both the Univision and UniMás television networks, and its Spanish-language radio stations feature its nationally recognized talent. Entravision also operates Entravision Solutions, a national sales and marketing organization representing over 300 owned and affiliated radio stations, radio networks and digital media platforms, and Headway’s audio advertising platform, AudioEngage. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC. Learn more at: www.entravision.com.

Forward-Looking Statements
This press release contains certain forward-looking statements, including without limitation the Company’s current expectations and intentions with respect to the filing of its Form 10-K. 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 such forward-looking statements are based upon reasonable assumptions, it can give no assurance that actual results will not differ materially from these expectations, including the length of time that may be required for the Company to complete the audit and file the Form 10-K, 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 SEC.

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SOURCE Entravision

SANTA MONICA, Calif., Dec. 18, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified global media and advertising technology company serving Latino consumers, today announced its intention to make a prepayment on December 31, 2018 of $50 million of term loans under the company’s senior secured term loan credit facility entered into on November 30, 2017.  Entravision anticipates funding this prepayment by using cash on hand.  Following the prepayment, approximately $246 million will remain outstanding under the company’s term loan credit facility. 

“We continue to proactively manage our capital structure and over the past several years have opportunistically reduced our total debt,” said Walter F. Ulloa, Chairman and Chief Executive Officer of Entravision.  “With a solid balance sheet and sound financial performance, we remain well positioned to continue to execute on our strategic plan.”

About Entravision Communications Corporation
Entravision is a diversified global media, advertising technology and data analytics company that reaches and engages Latino consumers in the U.S. and other markets primarily including Mexico, Latin America and Spain. Entravision’s portfolio includes digital media properties and advertising technology platforms that deliver performance-based solutions and data insights, along with 55 television stations and 49 radio stations.  Entravision’s digital and technology businesses include Headway, a leading global provider of mobile, programmatic, data and performance digital marketing solutions, as well as Pulpo Media, the top-ranked online advertising platform in connecting businesses with U.S. Latinos. Entravision is the largest affiliate group of both the Univision and UniMás television networks, and its Spanish-language radio stations feature its nationally recognized talent. Entravision also operates Entravision Solutions, a national sales and marketing organization representing over 300 owned and affiliated radio stations, radio networks and digital media platforms, and Headway’s audio advertising platform, AudioEngage. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC. Learn more at: www.entravision.com.

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SOURCE Entravision Communications Corporation

SANTA MONICA, Calif., Nov. 7, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified global media and advertising technology company serving Latino consumers, today announced that Mario M. Carrera has decided to step down as Chief Revenue Officer.  Entravision has commenced a search for a successor and Mr. Carrera will remain in his position until a replacement is named. 

“For the past 15 years, Mario has been a valuable member of the Entravision team and a tremendous resource as we executed on our strategic initiatives,” said Walter F. Ulloa, Chairman and Chief Executive Officer of Entravision.  “On behalf of everyone at Entravision I want to personally thank him for his service and dedication to our company, our employees and the Latino community.  We hold Mario in the highest regard and wish him all the best as he embarks on the next chapter of his life.”

“I am proud to have been part of Entravision, an outstanding organization that continues to play a critical role in the development of the Hispanic media industry, and more importantly in our local communities,” said Carrera.  “This was truly a difficult decision, but one made with the input and support of my family.  I want to express my appreciation to Walter for his leadership, friendship, and belief in my abilities, and it has been my pleasure to serve with an exceptional team of colleagues and dedicated professionals.”

Mr. Carrera joined Entravision in 2003 and served as the Vice President and General Manager leading Entravision’s radio, television and interactive assets in Colorado.  Under his tenure in Colorado, Entravision’s Noticias Univision Colorado won 14 Emmys, in addition to KCEC-TV winning the Best 2010 Public Service Award Campaign from the Colorado Broadcasters Association.  In 2012, Carrera was elevated into corporate roles, serving first as Entravision’s Senior Vice President of Spanish Language Television, and then as Chief Revenue Officer from August 2012 to present.  Carrera is a graduate of Harvard University.

About Entravision Communications Corporation
Entravision is a diversified global media, advertising technology and data analytics company that reaches and engages Latino consumers in the U.S. and other markets primarily including Mexico, Latin America and Spain. Entravision’s portfolio includes digital media properties and advertising technology platforms that deliver performance-based solutions and data insights, along with 55 television stations and 49 radio stations.  Entravision’s digital and technology businesses include Headway, a leading global provider of mobile, programmatic, data and performance digital marketing solutions, as well as Pulpo Media, the top-ranked online advertising platform in connecting businesses with U.S. Latinos. Entravision is the largest affiliate group of both the Univision and UniMás television networks, and its Spanish-language radio stations feature its nationally recognized talent. Entravision also operates Entravision Solutions, a national sales and marketing organization representing over 300 owned and affiliated radio stations, radio networks and digital media platforms, and Headway’s audio advertising platform, AudioEngage. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC. Learn more at: www.entravision.com.

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SOURCE Entravision