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  • Entravision Raises $3.1 Million for Children’s Miracle Network Hospitals

    Entravision Raises $3.1 Million for Children’s Miracle Network Hospitals

    SANTA MONICA, Calif., Aug. 10, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified global media and advertising technology company serving Latino consumers, and Children’s Miracle Network Hospitals®, a charity that raises funds for 170 children’s hospitals, today announced that $3.1 million was raised for member hospitals during their 11th annual Radiothon under the theme of “Un Million Para Los Niños” (One Million for the Children).

    “First and foremost, I would like to thank our listeners, the personalities and teams at Entravision and Children’s Miracle Network Hospitals for a successful Radiothon this year. We take great pride in supporting and giving back to our local communities whenever we can, and value our partnership with Children’s Miracle Network Hospitals in this noteworthy cause that truly makes a difference in children’s lives,” said Jeffery Liberman, Entravision’s President and Chief Operating Officer.

    “Our 11-year partnership with Entravision has been nothing but short of amazing. In the last two years we have raised more than $6 million and it has been an honor to work with such a great group of people. I’d like to thank everyone for their donations, time and effort in making this Radiothon a success and providing us the ability to create more miracles for the children,” said Danny Garcia, National Director Hispanic Media Partners, Children’s Miracle Network.

    The 24/7 uninterrupted live stream on unmillionparalosninos.com kicked off Thursday, August 2nd and concluded on August 4th. Across Entravision’s 34 owned and operated markets, the Radiothon featured Entravision’s top nationally recognized radio talent from syndicated shows including:  Erazno y La Chokolata, Alex ‘El Genio’ Lucas, El Show de Piolin, Armida y la Flaka, Mayra Berenice and Mid-Day with Carla La Plebe. The donations will be utilized by local children’s hospitals to help fund critical treatments, healthcare services, pediatric medical equipment and charitable care, as well as provide treatment to low-income patients.

    About Children’s Miracle Network Hospitals

    Children’s Miracle Network Hospitals® raises funds and awareness for 170 member hospitals that provide 32 million treatments each year to kids across the U.S. and Canada. Donations stay local to fund critical treatments and healthcare services, pediatric medical equipment and charitable care. Since 1983, Children’s Miracle Network Hospitals has raised more than $5 billion, most of it $1 at a time through the charity’s Miracle Balloon icon. Its various fundraising partners and programs support the nonprofit’s mission to save and improve the lives of as many children as possible. Find out why children’s hospitals need community support, identify your member hospital and learn how you can Put Your Money Where the Miracles Are at childrensmiraclenetworkhospitals.org/donate and www.facebook.com/cmnhospitals.

    About Entravision Communications Corporation

    Entravision is a diversified global media, data and advertising 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 55 television stations, 49 radio stations, digital media properties and advertising technology platforms that deliver performance-based solutions and data insights.  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 #1-ranked online advertising platform in Hispanic reach according to comScore Media Metrix®. 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 as well as digital media platforms, including Headway’s audio streaming 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.

    Cision View original content:http://www.prnewswire.com/news-releases/entravision-raises-3-1-million-for-childrens-miracle-network-hospitals-300695513.html

    SOURCE Entravision Communications Corporation

  • Entravision Communications Corporation Reports Second Quarter 2018 Results

    Entravision Communications Corporation Reports Second Quarter 2018 Results

    SANTA MONICA, Calif., Aug. 2, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC) today reported financial results for the three- and six-month period ended June 30, 2018.

    Historical results, which are attached, are in thousands of U.S. dollars (except share and per share data). This press release contains certain non-GAAP financial measures as defined by SEC Regulation G. The GAAP financial measure most directly comparable to each of these non-GAAP financial measures, and a table reconciling each of these non-GAAP financial measures to its most directly comparable GAAP financial measure is included beginning on page 10. Unaudited financial highlights are as follows:

    Three-Month Period

    Six-Month Period

    Ended June 30,

    Ended June 30,

    2018

    2017

    %
    Change

    2018

    2017

    %
    Change

    Net revenue

    $

    74,329

    $

    70,509

    5

    %

    $

    141,167

    $

    128,019

    10

    %

    Cost of revenue – digital (1)

    11,384

    8,762

    30

    %

    22,009

    10,514

    109

    %

    Operating expenses (2)

    43,790

    41,945

    4

    %

    88,117

    80,237

    10

    %

    Corporate expenses (3)

    6,266

    5,619

    12

    %

    12,241

    11,486

    7

    %

    Consolidated adjusted EBITDA (4)

    14,866

    14,924

    (0)

    %

    21,803

    27,494

    (21)

    %

    Free cash flow (5)

    $

    8,664

    $

    5,643

    54

    %

    $

    10,255

    $

    12,868

    (20)

    %

    Net income (loss)

    $

    4,840

    $

    3,495

    38

    %

    $

    3,033

    $

    6,113

    (50)

    %

    Net income (loss) per share, basic and diluted

    $

    0.05

    $

    0.04

    25

    %

    $

    0.03

    $

    0.07

    (57)

    %

    Weighted average common shares outstanding, basic

    88,959,935

    90,354,982

    89,635,759

    90,296,057

    Weighted average common shares outstanding, diluted

    90,021,949

    92,033,111

    90,805,086

    91,897,150

    (1)

    Cost of revenue – digital consists primarily of the costs of online media acquired from third-party publishers. Media cost is classified as cost of revenue in the period in which the corresponding revenue is recognized.

    (2)

    Operating expenses include direct operating and selling, general and administrative expenses. Included in operating expenses are $0.1 million and $0.3 million of non-cash stock-based compensation for the three-month periods ended June 30, 2018 and 2017, respectively, and $0.3 million and $0.5 million of non-cash stock-based compensation for the six-month periods ended June 30, 2018 and 2017, respectively. Operating expenses do not include corporate expenses, foreign currency (gain) loss, depreciation and amortization, impairment charge, gain (loss) on sale of assets, gain (loss) on debt extinguishment, other income (loss) and change in fair value of contingent consideration.

    (3)

    Corporate expenses include $1.1 million and $0.8 million of non-cash stock-based compensation for the three-month periods ended June 30, 2018 and 2017, respectively, and $2.1 million and $1.5 million of non-cash stock-based compensation for the six-month periods ended June 30, 2018 and 2017, respectively.

    (4)

    Consolidated adjusted EBITDA means net income (loss) plus gain (loss) on sale of assets, depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation included in operating and corporate expenses, net interest expense, other income (loss), non-recurring cash expenses, gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses, syndication programming amortization less syndication programming payments, revenue from FCC spectrum incentive auction less related expenses, expenses associated with investments, acquisitions and dispositions and certain pro-forma cost savings. We use the term consolidated adjusted EBITDA because that measure is defined in the agreement governing our current credit facility (“the 2017 Credit Facility”) and does not include gain (loss) on sale of assets, depreciation and amortization, non-cash impairment charge, non-cash stock-based compensation, net interest expense, other income (loss), non-recurring cash expenses, gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses, syndication programming amortization less syndication programming payments, revenue from FCC spectrum incentive auction less related expenses, expenses associated with investments, acquisitions and dispositions and certain pro-forma cost savings.

    (5)

    Free cash flow is defined as consolidated adjusted EBITDA less cash paid for income taxes, net interest expense, capital expenditures, and non-recurring cash expenses plus dividend income and revenue from FCC spectrum incentive auction less related cash expenses. Net interest expense is defined as interest expense, less non-cash interest expense relating to amortization of debt finance costs, and less interest income.

    Commenting on the Company’s earnings results, Walter F. Ulloa, Chairman and Chief Executive Officer, said, “During the second quarter, we achieved revenue growth driven by increases in our digital media segment.  This growth in our digital media segment offsets a decrease in our television segment, while our radio segment was flat.  We also improved our free cash flow and net income over last year’s second quarter.  Additionally, we continued to build our digital footprint through our acquisition of Smadex, a digital advertising technology company, while implementing steps to more efficiently align operations and reduce costs.  Looking ahead, we remain well positioned to build on our success in further attracting Latino and other audiences worldwide, and expanding our advertiser base to the benefit of our shareholders.”

    Quarterly Cash Dividend

    The Company announced today that its Board of Directors has approved a quarterly cash dividend to shareholders of $0.05 per share of the Company’s Class A, Class B and Class U common stock, in an aggregate amount of approximately $4.5 million. The quarterly dividend will be payable on September 28, 2018 to shareholders of record as of the close of business on September 14, 2018, and the common stock will trade ex-dividend on September 13, 2018. As previously announced, the Company currently anticipates that future cash dividends will be paid on a quarterly basis; however, any decision to pay future cash dividends will be subject to approval by the Board.

    Financial Results

    Three-Month Period Ended June 30, 2018 Compared to Three-Month Period Ended

    June 30, 2017 

    (Unaudited)

    Three-Month Period

    Ended June 30,

    2018

    2017

    % Change

    Net revenue

    $

    74,329

    $

    70,509

    5

    %

    Cost of revenue – digital (1)

    11,384

    8,762

    30

    %

    Operating expenses (1)

    43,790

    41,945

    4

    %

    Corporate expenses (1)

    6,266

    5,619

    12

    %

    Depreciation and amortization

    4,019

    4,577

    (12)

    %

    Change in fair value of contingent consideration

    (913)

    –

    *

    Foreign currency (gain) loss

    (17)

    351

    *

    Operating income (loss)

    9,800

    9,255

    6

    %

    Interest expense, net

    (2,962)

    (3,573)

    (17)

    %

    Dividend income

    417

    –

    *

    Other income (loss)

    273

    –

    *

    Income (loss) before income taxes

    7,528

    5,682

    32

    %

    Income tax benefit (expense)

    (2,652)

    (2,119)

    25

    %

    Net income (loss) before equity in net income (loss) of nonconsolidated affiliates

    4,876

    3,563

    37

    %

    Equity in net income (loss) of nonconsolidated affiliates, net of tax

    (36)

    (68)

    (47)

    %

    Net income (loss)

    $

    4,840

    $

    3,495

    38

    %

    (1)

    Cost of revenue, operating expenses and corporate expenses are defined on page 1.

    Net revenue increased to $74.3 million for the three-month period ended June 30, 2018 from $70.5 million for the three-month period ended June 30, 2017, an increase of $3.8 million. Of the overall increase, approximately $5.0 million was attributable to our digital segment and was primarily due to growth in the Headway business which was acquired during the second quarter of 2017. The overall increase was partially offset by a decrease in our television segment of approximately $1.3 million primarily due to decreases in national and local advertising revenue, partially offset by an increase in retransmission consent revenue and an increase in political advertising revenue, the latter of which was not material in 2017. Revenue in our radio segment remained constant with an increase in revenue from the 2018 FIFA World Cup offset by decreases in local and national revenue.

    Cost of revenue in our digital media segment increased to $11.4 million for the three-month period ended June 30, 2018 from $8.8 million for the three-month period ended June 30, 2017, an increase of $2.6 million, primarily due to the increased revenue in our digital segment.

    Operating expenses increased to $43.8 million for the three-month period ended June 30, 2018 from $41.9 million for the three-month period ended June 30, 2017, an increase of $1.9 million. The increase was primarily attributable to our digital segment and was primarily driven by expenses associated with the increase in revenue and an increase in salary expense. We also had an increase in operating expenses in our television segment due to the acquisition of station KMIR-TV during the fourth quarter of 2017, which did not contribute to operating expenses in the prior year period, partially offset by a decrease in expenses associated with the decrease in advertising revenue and a decrease in salary expense.

    Corporate expenses increased to $6.3 million for the three-month period ended June 30, 2018 from $5.6 million for the three-month period ended June 30, 2017, an increase of $0.7 million. The increase was primarily due to legal and financial due diligence costs related to the Smadex acquisition and an increase in non-cash stock-based compensation expense.

    Six-Month Period Ended June 30, 2018 Compared to Six-Month Period Ended

    June 30, 2017

    (Unaudited)

    Six-Month Period

    Ended June 30,

    2018

    2017

    % Change

    Net revenue

    $

    141,167

    $

    128,019

    10

    %

    Cost of revenue – digital (1)

    22,009

    10,514

    109

    %

    Operating expenses (1)

    88,117

    80,237

    10

    %

    Corporate expenses (1)

    12,241

    11,486

    7

    %

    Depreciation and amortization

    7,958

    8,123

    (2)

    %

    Change in fair value of contingent consideration

    1,187

    –

    *

    Foreign currency (gain) loss

    196

    351

    (44)

    %

    Operating income (loss)

    9,459

    17,308

    (45)

    %

    Interest expense, net

    (5,447)

    (7,109)

    (23)

    %

    Dividend income

    545

    –

    *

    Other income (loss)

    295

    –

    *

    Income (loss) before income taxes

    4,852

    10,199

    (52)

    %

    Income tax benefit (expense)

    (1,721)

    (4,018)

    (57)

    %

    Net income (loss) before equity in net income (loss) of nonconsolidated affiliates

    3,131

    6,181

    (49)

    %

    Equity in net income (loss) of nonconsolidated affiliates, net of tax

    (98)

    (68)

    44

    %

    Net income (loss)

    $

    3,033

    $

    6,113

    (50)

    %

    (1)

    Cost of revenue, operating expenses and corporate expenses are defined on page 1.

    Net revenue increased to $141.2 million for the six-month period ended June 30, 2018 from $128.0 million for the six-month period ended June 30, 2017, an increase of $13.2 million. Of the overall increase, approximately $19.1 million was attributable to our digital segment and was primarily due to the acquisition of Headway during the second quarter of 2017, which did not contribute to our results of operations for the full six-month period in 2017. The overall increase was partially offset by a decrease in our television segment of approximately $4.5 million primarily due to decreases in national and local advertising revenue, partially offset by an increase in retransmission consent revenue and an increase in political advertising revenue, the latter of which was not material in 2017.  Additionally, the overall increase was partially offset by a decrease in our radio segment of approximately $1.6 million primarily due to decreases in local and national advertising revenue, partially offset by an increase in net revenue from the 2018 FIFA World Cup.

    Cost of revenue in our digital media segment increased to $22.0 million for the six-month period ended June 30, 2018 from $10.5 million for the six-month period ended June 30, 2017, an increase of $11.5 million, primarily due to the acquisition of Headway during the second quarter of 2017, which did not contribute to our results of operations for the full six-month period in 2017.

    Operating expenses increased to $88.1 million for the six-month period ended June 30, 2018 from $80.2 million for the six-month period ended June 30, 2017, an increase of $7.9 million. The increase was primarily due to the acquisition of Headway in our digital segment during the second quarter of 2017, which did not contribute to operating expenses for the full six-month period in the prior year. Additionally, approximately $1.8 million of the overall increase was attributable to our television segment primarily due to the acquisition of station KMIR-TV in the fourth quarter of 2017, which did not contribute to operating expenses in the prior year period, partially offset by a decrease in expenses associated with the decrease in advertising revenue and a decrease in salary expense.

    Corporate expenses increased to $12.2 million for the six-month period ended June 30, 2018 from $11.5 million for the six-month period ended June 30, 2017, an increase of $0.7 million. The increase was primarily due to legal and financial due diligence costs related to the Smadex acquisition and an increase in non-cash stock-based compensation expense, partially offset by a decrease in due diligence costs incurred in prior year related to the Headway acquisition.

    Segment Results

    The following represents selected unaudited segment information:

    Three-Month Period

    Six-Month Period

    Ended June 30,

    Ended June 30,

    2018

    2017

    % Change

    2018

    2017

    % Change

    Net Revenue

    Television

    $

    36,531

    $

    37,764

    (3)

    %

    $

    71,022

    $

    75,474

    (6)

    %

    Radio

    17,240

    17,163

    0

    %

    31,343

    32,882

    (5)

    %

    Digital

    20,558

    15,582

    32

    %

    38,802

    19,663

    97

    %

    Total

    $

    74,329

    $

    70,509

    5

    %

    $

    141,167

    $

    128,019

    10

    %

    Cost of Revenue – digital (1)

    Digital

    $

    11,384

    $

    8,762

    30

    %

    $

    22,009

    $

    10,514

    109

    %

    Operating Expenses (1)

    Television

    20,589

    20,150

    2

    %

    42,111

    40,355

    4

    %

    Radio

    15,437

    15,620

    (1)

    %

    30,717

    31,341

    (2)

    %

    Digital

    7,764

    6,175

    26

    %

    15,289

    8,541

    79

    %

    Total

    $

    43,790

    $

    41,945

    4

    %

    $

    88,117

    $

    80,237

    10

    %

    Corporate Expenses (1)

    $

    6,266

    $

    5,619

    12

    %

    $

    12,241

    $

    11,486

    7

    %

    Consolidated adjusted EBITDA (1)

    $

    14,866

    $

    14,924

    (0)

    %

    $

    21,803

    $

    27,494

    (21)

    %

    (1)

    Cost of revenue, operating expenses, corporate expenses, and consolidated adjusted EBITDA are defined on page 1.

    Entravision Communications Corporation will hold a conference call to discuss its 2018 second quarter results on August 2, 2018 at 5 p.m. Eastern Time. To access the conference call, please dial 412-317-5440 ten minutes prior to the start time. The call will be webcast live and archived for replay on the investor relations portion of the Company’s web site located at www.entravision.com.

    Entravision Communications Corporation is a leading global media company that, through its television and radio segments, reaches and engages U.S. Hispanics across acculturation levels and media channels. Additionally, our digital segment, whose operations are located primarily in Spain, Mexico, and Argentina and other countries in Latin America, reaches a global market. The Company’s expansive portfolio encompasses integrated marketing and media solutions, comprised of television, radio, and digital properties and data analytics services. Entravision has 55 primary television stations and is the largest affiliate group of both the Univision and UniMás television networks. Entravision also owns and operates 49 primarily Spanish-language radio stations featuring nationally recognized talent, as well as the Entravision Audio Network and Entravision Solutions, a coast-to-coast national spot and network sales and marketing organization representing Entravision’s owned and operated, as well as its affiliate partner, radio stations. Entravision’sPulpo digital advertising unit is the #1-ranked online advertising platform in Hispanic reach according to comScore Media Metrix®, and Entravision’s digital group also includes Headway, a leading provider of mobile, programmatic, data and performance digital marketing solutions primarily in the United States, Mexico and other markets in Latin America. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC.

    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.

    (Financial Table Follows)

    Entravision Communications Corporation

    Consolidated Balance Sheets

    (In thousands; unaudited)

    June 30,

    December 31,

    2018

    2017

    ASSETS

    Current assets

    Cash and cash equivalents

    $

    108,892

    $

    39,560

    Marketable securities

    132,435

    –

    Restricted cash

    769

    222,294

    Trade receivables, net of allowance for doubtful accounts

    76,378

    84,348

    Assets held for sale

    1,179

    –

    Prepaid expenses and other current assets

    11,990

    6,260

    Total current assets

    331,643

    352,462

    Property and equipment, net

    58,562

    60,337

    Intangible assets subject to amortization, net

    25,828

    26,758

    Intangible assets not subject to amortization

    254,506

    251,163

    Goodwill

    73,566

    70,557

    Other assets

    4,442

    4,690

    Total assets

    $

    748,547

    $

    765,967

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities

    Current maturities of long-term debt

    $

    3,000

    $

    3,000

    Accounts payable and accrued expenses

    52,787

    57,563

    Deferred revenue

    3,386

    1,959

    Total current liabilities

    59,173

    62,522

    Long-term debt, less current maturities, net of unamortized debt issuance costs

    291,237

    292,489

    Other long-term liabilities

    19,553

    21,447

    Deferred income taxes

    42,326

    40,639

    Total liabilities

    412,289

    417,097

    Stockholders’ equity

    Class A common stock

    6

    7

    Class B common stock

    2

    2

    Class U common stock

    1

    1

    Additional paid-in capital

    874,508

    888,650

    Accumulated deficit

    (536,697)

    (539,730)

    Accumulated other comprehensive income (loss)

    (1,562)

    (60)

    Total stockholders’ equity

    336,258

    348,870

    Total liabilities and stockholders’ equity

    $

    748,547

    $

    765,967

    Entravision Communications Corporation

    Consolidated Statements of Operations

    (In thousands, except share and per share data)

    (Unaudited)

    Three-Month Period

    Six-Month Period

    Ended June 30,

    Ended June 30,

    2018

    2017

    2018

    2017

    Net revenue

    $

    74,329

    $

    70,509

    $

    141,167

    $

    128,019

    Expenses:

    Cost of revenue – digital

    11,384

    8,762

    22,009

    10,514

    Direct operating expenses

    31,117

    29,915

    62,150

    57,007

    Selling, general and administrative expenses

    12,673

    12,030

    25,967

    23,230

    Corporate expenses

    6,266

    5,619

    12,241

    11,486

    Depreciation and amortization

    4,019

    4,577

    7,958

    8,123

    Change in fair value of contingent consideration

    (913)

    –

    1,187

    –

    Foreign currency (gain) loss

    (17)

    351

    196

    351

    64,529

    61,254

    131,708

    110,711

    Operating income (loss)

    9,800

    9,255

    9,459

    17,308

    Interest expense

    (4,001)

    (3,683)

    (7,399)

    (7,328)

    Interest income

    1,039

    110

    1,952

    219

    Dividend income

    417

    –

    545

    –

    Other income (loss)

    273

    –

    295

    –

    Income (loss) before income taxes

    7,528

    5,682

    4,852

    10,199

    Income tax benefit (expense)

    (2,652)

    (2,119)

    (1,721)

    (4,018)

    Income (loss) before equity in net income (loss) of nonconsolidated affiliate

    4,876

    3,563

    3,131

    6,181

    Equity in net income (loss) of nonconsolidated affiliate, net of tax

    (36)

    (68)

    (98)

    (68)

    Net income (loss)

    $

    4,840

    $

    3,495

    $

    3,033

    $

    6,113

    Basic and diluted earnings per share:

    Net income (loss) per share, basic and diluted

    $

    0.05

    $

    0.04

    $

    0.03

    $

    0.07

    Cash dividends declared per common share

    $

    0.05

    $

    0.03

    $

    0.05

    $

    0.06

    Weighted average common shares outstanding, basic

    88,959,935

    90,354,982

    89,635,759

    90,296,057

    Weighted average common shares outstanding, diluted

    90,021,949

    92,033,111

    90,805,086

    91,897,150

    Entravision Communications Corporation

    Consolidated Statements of Cash Flows

    (In thousands; unaudited)

    Three-Month Period

    Six-Month Period

    Ended June 30,

    Ended June 30,

    2018

    2017

    2018

    2017

    Cash flows from operating activities:

    Net income (loss)

    $

    4,840

    $

    3,495

    $

    3,033

    $

    6,113

    Adjustments to reconcile net income (loss) to net cash provided by
           operating activities:

    Depreciation and amortization

    4,019

    4,577

    7,958

    8,123

    Deferred income taxes

    2,043

    1,955

    1,029

    3,428

    Non-cash interest expense

    414

    186

    538

    369

    Amortization of syndication contracts

    176

    109

    352

    218

    Payments on syndication contracts

    (174)

    (102)

    (360)

    (215)

    Equity in net (income) loss of nonconsolidated affiliate

    36

    68

    98

    68

    Non-cash stock-based compensation

    1,176

    1,085

    2,425

    2,060

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    (1,873)

    2,602

    9,170

    13,581

    (Increase) decrease in prepaid expenses and other assets

    (2,566)

    (556)

    (6,547)

    (1,447)

    Increase (decrease) in accounts payable, accrued expenses
           and other liabilities

    5,197

    (3,029)

    (780)

    (8,992)

    Net cash provided by operating activities

    13,288

    10,390

    16,916

    23,306

    Cash flows from investing activities:

    Proceeds from sale of property and equipment and intangible assets

    33

    –

    33

    –

    Purchases of property and equipment

    (2,680)

    (5,730)

    (5,710)

    (7,296)

    Purchases of intangible assets

    –

    –

    (3,153)

    –

    Purchases of businesses, net of cash acquired

    (3,563)

    (7,489)

    (3,563)

    (7,489)

    Purchases of marketable securities

    –

    –

    (159,403)

    –

    Proceeds from marketable securities

    25,000

    –

    25,000

    –

    Purchases of investments

    (35)

    (1,950)

    (35)

    (2,200)

    Deposits on acquisitions

    –

    –

    –

    (190)

    Net cash provided by (used in) investing activities

    18,755

    (15,169)

    (146,831)

    (17,175)

    Cash flows from financing activities:

    Proceeds from stock option exercises

    106

    215

    106

    526

    Tax payments related to shares withheld for share-based compensation plans

    (12)

    –

    (2,239)

    –

    Payments on long-term debt

    (750)

    (937)

    (1,500)

    (1,875)

    Dividends paid

    (4,442)

    (2,826)

    (8,960)

    (5,647)

    Repurchase of Class A common stock

    (5,258)

    –

    (7,660)

    –

    Payments of contingent consideration

    (2,015)

    –

    (2,015)

    –

    Net cash used in financing activities

    (12,371)

    (3,548)

    (22,268)

    (6,996)

    Effect of exchange rates on cash, cash equivalents and restricted cash

    (4)

    (18)

    (10)

    (18)

    Net increase (decrease) in cash, cash equivalents and restricted cash

    19,668

    (8,345)

    (152,193)

    (883)

    Cash, cash equivalents and restricted cash:

    Beginning

    89,993

    68,982

    261,854

    61,520

    Ending

    $

    109,661

    $

    60,637

    $

    109,661

    $

    60,637

    Entravision Communications Corporation
    Reconciliation of Consolidated Adjusted EBITDA to Cash Flows From Operating Activities
    (In thousands; unaudited)

    The most directly comparable GAAP financial measure is operating cash flow. A reconciliation of this non-GAAP measure to cash flows from operating activities for each of the periods presented is as follows:

    Three-Month Period

    Six-Month Period

    Ended June 30,

    Ended June 30,

    2018

    2017

    2018

    2017

    Consolidated adjusted EBITDA (1)

    $

    14,866

    $

    14,924

    $

    21,803

    $

    27,494

    Interest expense

    (4,001)

    (3,683)

    (7,399)

    (7,328)

    Interest income

    1,039

    110

    1,952

    219

    Dividend income

    417

    –

    545

    –

    Income tax benefit (expense)

    (2,652)

    (2,119)

    (1,721)

    (4,018)

    Equity in net loss of nonconsolidated affiliates

    (36)

    (68)

    (98)

    (68)

    Amortization of syndication contracts

    (176)

    (109)

    (352)

    (218)

    Payments on syndication contracts

    174

    102

    360

    215

    Non-cash stock-based compensation included in direct operating expenses

    (76)

    (307)

    (292)

    (530)

    Non-cash stock-based compensation included in corporate expenses

    (1,100)

    (778)

    (2,133)

    (1,530)

    Depreciation and amortization

    (4,019)

    (4,577)

    (7,958)

    (8,123)

    Change in fair value of contingent consideration

    913

    –

    (1,187)

    –

    Non-recurring cash severance charge

    (782)

    –

    (782)

    –

    Other income (loss)

    273

    –

    295

    –

    Net income (loss)

    4,840

    3,495

    3,033

    6,113

    Depreciation and amortization

    4,019

    4,577

    7,958

    8,123

    Deferred income taxes

    2,043

    1,955

    1,029

    3,428

    Non-cash interest expense

    414

    186

    538

    369

    Amortization of syndication contracts

    176

    109

    352

    218

    Payments on syndication contracts

    (174)

    (102)

    (360)

    (215)

    Equity in net (income) loss of nonconsolidated affiliate

    36

    68

    98

    68

    Non-cash stock-based compensation

    1,176

    1,085

    2,425

    2,060

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    (1,873)

    2,602

    9,170

    13,581

    (Increase) decrease in prepaid expenses and other assets

    (2,566)

    (556)

    (6,547)

    (1,447)

    Increase (decrease) in accounts payable, accrued expenses and other liabilities

    5,197

    (3,029)

    (780)

    (8,992)

    Cash flows from operating activities

    13,288

    10,390

    16,916

    23,306

    (1)

    Consolidated adjusted EBITDA is defined on page 1.

    Entravision Communications Corporation
    Reconciliation of Free Cash Flow to Cash Flows From Operating Activities
    (In thousands; unaudited)

    The most directly comparable GAAP financial measure is operating cash flow. A reconciliation of this non-GAAP measure to cash flows from operating activities for each of the periods presented is as follows:

    Three-Month Period

    Six-Month Period

    Ended June 30,

    Ended June 30,

    2018

    2017

    2018

    2017

    Consolidated adjusted EBITDA (1)

    $

    14,866

    $

    14,924

    $

    21,803

    $

    27,494

    Net interest expense (1)

    (2,549)

    (3,387)

    (4,909)

    (6,740)

    Dividend income

    417

    –

    545

    –

    Cash paid for income taxes

    (608)

    (164)

    (692)

    (590)

    Capital expenditures (2)

    (2,680)

    (5,730)

    (5,710)

    (7,296)

    Non-recurring cash severance charge

    (782)

    –

    (782)

    –

    Free cash flow (1)

    8,664

    5,643

    10,255

    12,868

    Capital expenditures (2)

    2,680

    5,730

    5,710

    7,296

    Other income (loss)

    273

    –

    295

    –

    Change in fair value of contingent consideration

    913

    –

    (1,187)

    –

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    (1,873)

    2,602

    9,170

    13,581

    (Increase) decrease in prepaid expenses and other assets

    (2,566)

    (556)

    (6,547)

    (1,447)

    Increase (decrease) in accounts payable, accrued expenses and other liabilities

    5,197

    (3,029)

    (780)

    (8,992)

    Cash Flows From Operating Activities

    $

    13,288

    $

    10,390

    $

    16,916

    $

    23,306

    (1)

    Consolidated adjusted EBITDA, net interest expense, and free cash flow are defined on page 1.

    (2)

    Capital expenditures are not part of the consolidated statement of operations.

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  • Entravision Communications Corporation Schedules Second Quarter 2018 Earnings Release and Teleconference

    Entravision Communications Corporation Schedules Second Quarter 2018 Earnings Release and Teleconference

    SANTA MONICA, Calif., July 27, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC) announced today that it will release second quarter 2018 financial results after market hours on Thursday, August 2, 2018.

    The company will also host a teleconference to discuss its second quarter financial results on Thursday, August 2, 2018 at 5:00 p.m. Eastern Time. To access the teleconference, please dial 412-317-5440 ten minutes prior to the start time.  The teleconference will also be available via live webcast on the investor relations portion of the Company’s Web site located at www.entravision.com. 

    If you cannot listen to the teleconference at its scheduled time, there will be a replay available through Thursday, August 23, 2018 which can be accessed by dialing (877) 344-7529 (U.S.) or (412) 317-0088 (Int’l), passcode 10122909. The webcast will also be archived on the Company’s Web site for 30 days.

    About Entravision Communications Corporation
    Entravision is a diversified global media, data and advertising 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 55 television stations, 49 radio stations, digital media properties and advertising technology platforms that deliver performance-based solutions and data insights.  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 #1-ranked online advertising platform in Hispanic reach according to comScore Media Metrix®. 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 as well as digital media platforms, including Headway’s audio streaming 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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  • Entravision Communications Corporation Announces Return of Super Estrella Radio Station to the Los Angeles Market

    Entravision Communications Corporation Announces Return of Super Estrella Radio Station to the Los Angeles Market

    SANTA MONICA, Calif., July 26, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified global media and advertising technology company serving Latino consumers, announced today the return of Super Estrella, the original and only Spanish-language rock and pop station to the Los Angeles market. Super Estrella commenced broadcasting today on KDLD / KDLE 103.1 FM in the Los Angeles market and brings back its distinct music format that was the foundation of its success and loved by its audience.

    “Super Estrella has a strong legacy in Los Angeles that spans over 20 years, and it’s coming back to where it all started.  This distinct, iconic format has been loved by so many fans over the years that it was able to keep its large, devout following, and we’re excited to bring this station back to the listeners,” said Nestor Rocha, VP of Programming, Entravision.

    “Super Estrella will help us create a unique position in the growing Los Angeles radio market, while providing an exceptional opportunity for advertisers to reach the growing Hispanic consumer market, and associate themselves with a proven brand,” said David Padilla, SVP of Los Angeles, Entravision.

    Super Estrella was first launched on 97.5 FM in Riverside, as well as online, on April 14, 1997. In 2003, Super Estrella moved to 107.1 FM and 97.5 FM. In May 2008 Super Estrella moved to only 107.1 FM, and then transitioned to an online streaming station in 2016.

    About Entravision Communications Corporation
    Entravision is a diversified global media, data and advertising 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 55 television stations, 49 radio stations, digital media properties and advertising technology platforms that deliver performance-based solutions and data insights.  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 #1-ranked online advertising platform in Hispanic reach according to comScore Media Metrix®. 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 as well as digital media platforms, including Headway’s audio streaming 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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  • Entravision Communications Corporation Promotes Adam Lichtiger to Senior Vice President of Washington, D.C.

    Entravision Communications Corporation Promotes Adam Lichtiger to Senior Vice President of Washington, D.C.

    SANTA MONICA, Calif., July 25, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified global media and advertising technology company serving Latino consumers, announced today it has promoted Adam Lichtiger to Senior Vice President of Sales in Washington, D.C., effective immediately. Reporting to Lilly Gonzalez, Mr. Lichtiger will be responsible for creating brand awareness of Entravision’s cross-platform assets in the Washington, D.C. market.

    “Adam is a true leader and possesses a proven track record of accomplishments. We are delighted to have him join the East Coast team as SVP in Washington, D.C. and look forward to him raising awareness of Entravision’s capabilities and platforms in this growing market,” said Lilly Gonzalez, Executive Vice President of Integrated Marketing Solutions, East Coast, Entravision.

    Mr. Lichtiger was previously Entravision’s Director of Sales, Integrated Marketing Solutions in Los Angeles and responsible for national sales for San Diego, El Paso, Las Vegas, and Reno markets. Prior to Entravision, he held positions at iHeartMedia, NBC Universal and Univision.

    “The Hispanic market is young, growing and a key audience for advertisers. Washington, D.C. is a major market that is seeing the direct impact of the increasing influence of Hispanic consumers. I’m excited to embark on this new journey and the opportunities this market can bring for Entravision,” said Lichtiger.

    About Entravision Communications Corporation
    Entravision is a diversified global media, data and advertising 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 55 television stations, 49 radio stations, digital media properties and advertising technology platforms that deliver performance-based solutions and data insights.  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 #1-ranked online advertising platform in Hispanic reach according to comScore Media Metrix®. 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 as well as digital media platforms, including Headway’s audio streaming 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

  • Entravision Communications Corporation Appoints Liliana Aristizabal as Senior Vice President of Eastern Region Sales

    Entravision Communications Corporation Appoints Liliana Aristizabal as Senior Vice President of Eastern Region Sales

    SANTA MONICA, Calif., July 18, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified global media and advertising technology company serving Latino consumers, announced today it has appointed Liliana Aristizabal as Senior Vice President of Eastern Region Sales, effective immediately. Ms. Aristizabal will be based in New York, and oversees Entravision’s national spot TV, radio and Entravision Solutions on the East Coast.

    “Liliana is a proven executive who brings more than 20 years of experience in media sales, including managing sales teams in New York, Los Angeles and Miami. We are delighted to have her join our team and look to her leadership to highlight our media platform and its capabilities among advertisers in the East Coast,” said Claudia Macias, EVP National Sales of Entravision.

    Prior to joining Entravision, Ms. Aristizabal was Vice President, General Sales Manager at LBI Media. Before LBI Media, she served as Vice President of Sales at NBC Universal-Telemundo holding several positions in New York and Miami.

    “The East Coast advertising market is dynamic and full of potential to leverage Entravision’s traditional and digital media assets which have a strong reach and connection to Hispanic consumers.  I’m excited to embark on this new journey with Entravision and build upon its success in the East Coast region,” said Aristizabal.

    About Entravision Communications Corporation
    Entravision is a diversified global media, data and advertising 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 55 television stations, 49 radio stations, digital media properties and advertising technology platforms that deliver performance-based solutions and data insights.  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 #1-ranked online advertising platform in Hispanic reach according to comScore Media Metrix®. 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 as well as digital media platforms, including Headway’s audio streaming 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

  • Entravision Communications Corporation Appoints Rodrigo Margain as Vice President, Sales & Business Development Mexico

    Entravision Communications Corporation Appoints Rodrigo Margain as Vice President, Sales & Business Development Mexico

    SANTA MONICA, Calif., July 16, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified global media and advertising technology company serving Latino consumers, announced today it has appointed Rodrigo Margain as Vice President of Sales & Business Development Mexico, effective immediately and will be reporting to Claudia Macias, Executive Vice President of National Sales. Based in Mexico City, Mr. Margain serves as the business unit head for the Mexican territory and is responsible for Mexico-based clients investing in Entravision owned or affiliated media platforms in the U.S. 

    “We are delighted to have Rodrigo join our team and look to grow our client base and best serve our stakeholders with a solid presence in Mexico City,” said Claudia Macias, EVP National Sales of Entravision. “Entravision has a powerful communications platform for Mexican brands targeting the Latino and U.S. markets. This is an optimal time to have Rodrigo continue to strengthen our business unit in Mexico and showcase our assets to existing and prospective partners.”

    Prior to joining Entravision, Mr. Margain was the Commercial Director at Cinepolis, a Mexican chain of movie theaters. Before Cinepolis, he was Commercial TV and Digital Vice President at Fox Television Group. He also held positions at Telefónica Movistar, View Monitor, Pegaso PCS, S.A. de C.V., and others.

    “With more than a decade in Mexico’s advertising and media industry, I have built a broad base of experience across the traditional and digital media market. In my new position, I’m excited to join Entravision’s highly talented team and represent its extensive media assets and unique abilities to connect businesses and consumers,” said Margain.

    About Entravision Communications Corporation
    Entravision is a diversified global media, data and advertising 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 55 television stations, 49 radio stations, digital media properties and advertising technology platforms that deliver performance-based solutions and data insights.  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 #1-ranked online advertising platform in Hispanic reach according to comScore Media Metrix®. 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 as well as digital media platforms, including Headway’s audio streaming 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

  • Entravision Communications Corporation Announces Acquisition of Smadex

    Entravision Communications Corporation Announces Acquisition of Smadex

    SANTA MONICA, Calif., June 13, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified global media and advertising technology company serving Latino consumers, announced today it has acquired Smadex, a digital advertising technology company.  The acquisition was completed through Entravision’s Headway business unit and financial terms of the transaction were not disclosed. 

    Based in Barcelona, Spain, Smadex is a leading mobile programmatic solutions provider and demand-side platform (DSP) with proprietary technology that allows advertisers to execute performance campaigns on mobile devices, using machine learning-assisted bidding algorithms to identify the best combination of creative assets, audience targeting and pricing. Smadex joins Entravision’s growing portfolio of leading digital and technology businesses that provide advertising technology platforms to deliver performance-based solutions and data insights for marketers.  Smadex will become part of Entravision’s Headway business unit which is a leading data-driven media buying company for marketers worldwide, integrating proprietary technology and state-of-the-art partner platforms. Headway helps brands optimize and target ad campaigns with rapid innovation, cutting-edge technology and strong multi-channel operations.

    “Smadex is a strong strategic fit with our existing digital businesses that will allow us to gain unique technology expertise, broaden our digital solutions offering, enhance our execution of performance campaigns and drive incremental revenues,” said Walter F. Ulloa, Chairman and Chief Executive Officer of Entravision.  “It has an experienced leadership team, growing client base and proven technology platform, powered by machine learning and data science, that will support Entravision and its Headway, Pulpo and other business units in meeting the increasing digital advertising and data services needs of our marketing partners. We are pleased to welcome Smadex to the Entravision family and continue to pursue digital assets that will further strengthen our position as a diversified global media, data and advertising technology company.”

    About Smadex
    Smadex is a leading mobile-first programmatic solution for branding and performance marketers. The company address the challenges and concerns of marketers by providing a fully transparent platform built on strong technology, countless programmatic management features and powerful machine learning algorithms that focus on achieving real outcomes.  Smadex allows advertisers to access global consumers through the highest quality mobile inventory supply, and capture market attention using strong and engaging advertising formats to drive performance sales and brand metrics. The company’s open platform can easily plug and play with any new external partners. Headquarter in Barcelona, Spain, Smadex is a technology focused company led by engineering and data science, working with agencies and direct clients across the globe.

    About Entravision Communications Corporation
    Entravision is a diversified global media, data and advertising 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 55 television stations, 49 radio stations, digital media properties and advertising technology platforms that deliver performance-based solutions and data insights.  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 #1-ranked online advertising platform in Hispanic reach according to comScore Media Metrix®. 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 as well as digital media platforms, including Headway’s audio streaming 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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  • Headway Reinforces Its Mobile Marketing Capabilities with Acquisition of Mobile-First Programmatic Platform Smadex

    Headway Reinforces Its Mobile Marketing Capabilities with Acquisition of Mobile-First Programmatic Platform Smadex

    BARCELONA, Spain, June 13, 2018 /PRNewswire/ — Headway, a leading provider of mobile, programmatic, data and performance digital marketing solutions; business unit of Entravision Communications Corporation (NYSE: EVC), today announced the acquisition of mobile-first programmatic platform Smadex.

    Smadex technology allows advertisers to execute performance campaigns on mobile devices, using its machine learning engine to understand the best combination of creative assets, targeting and pricing for each audience cluster. Founded in 2010, Smadex is a Top 50 fastest growing European company according to Financial Times.

    “Smadex technology enhances our mobile growth solution Mobrain, following the shift towards programmatic that our clients are increasingly looking for,” said Martin Kogan, CEO of Headway. “Its machine learning technology, forward thinking team and management are perfect additions to the company. The Smadex team will focus on product while Headway will continue to focus on distribution, servicing clients and global expansion.”

    “We are pleased to join the Headway family and bring Smadex technology to its marketing stack. We found Headway’s global scale as the ideal partner to bring our market-tested algorithms to the top mobile marketers around the world. We couldn’t have asked for a better company to join,” said Jordi de los Pinos, Smadex CEO.

    Smadex will be fully integrated into Headway, bringing its video, user acquisition and re-engagement mobile programmatic capabilities to more than 500 clients worldwide. The acquisition will enhance current Headway partnerships, such as with MediaMath, where Headway remains the exclusive partner in the Latin American region.

    About Entravision Communications Corporation

    Entravision is a diversified global media, data and advertising 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 55 television stations, 49 radio stations, digital media properties and advertising technology platforms that deliver performance-based solutions and data insights.  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 #1-ranked online advertising platform in Hispanic reach according to comScore Media Metrix®. 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 as well as digital media platforms, including the company’s audio streaming 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.

    About Headway

    Headway is a leading data-driven media buying company for marketers worldwide, integrating proprietary technology and state-of-the-art partner platforms. Headway helps brands optimize and target ad campaigns with rapid innovation, cutting-edge technology and strong multi-channel operations. Headway is a business unit of Entravision Communications Corporation (NYSE: EVC), a diversified global media, data and technology services company. Headway is currently present in 19 offices globally, including Los Angeles, Miami, New York, Mexico City, Sao Paulo, Buenos Aires, Madrid, Barcelona, Dubai, Tel Aviv and Seoul. For more information, visit www.headwaydigital.com or email info@headwaydigital.com. 

    Cision View original content:http://www.prnewswire.com/news-releases/headway-reinforces-its-mobile-marketing-capabilities-with-acquisition-of-mobile-first-programmatic-platform-smadex-300665282.html

    SOURCE Headway

  • Entravision’s KCEC-TV Univision Colorado Extends Market Leadership as the Number One Spanish-Language TV Station During May Sweeps

    Entravision’s KCEC-TV Univision Colorado Extends Market Leadership as the Number One Spanish-Language TV Station During May Sweeps

    DENVER, June 6, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified media company serving U.S. Latino audiences and communities across acculturation levels and media platforms, today announced that its Univision affiliated KCEC-TV in Denver was the number one Spanish-language TV station in Daytime,  Early News, Early Fringe and Primetime during the May 2018 sweeps among A18-49 and A25-54 demos.

    KCEC’s local newscast, Noticias Univision Colorado, was the number one Spanish-language newscast in Denver, garnering a 79% share of Spanish-language news viewership among Adults 18-49 at 5PM; outperforming its closest Spanish language competitor with triple-digit audience advantages (+200% rtg.), according to the Nielsen Station Index ratings report for the May 2018 measurement period.

    Univision Denver also outperformed its closest Spanish competitor (Telemundo Denver) in primetime (M-F 6p-10p), early fringe (M-F 3p-5p), and daytime (M-F 10a-3p) among key adult demos:

    • Univision’s prime time ratings dominance over Telemundo was in the double digit margins among Adults 18-49 (+33% rtg. adv.) and Adults 25-54 (+67% rtg. adv.).
    • Daytime and early fringe programming on KCEC-TV outperformed Telemundo with triple digit advantages among Adults 18-49 and Adults 25-54 (+100% rtg. adv. daytime; +200% rtg. adv. in early fringe).

    Additionally, KCEC-TV reached 48% more Persons 2+ than the local Telemundo affiliate for full week (M-Sun 5a-1a) during the May 2018 sweep period with 52% of KCEC-TVs Persons 2+ audience never tuning in to the local Telemundo affiliate.

    “The tide has certainly turned in KCEC-TV’s favor this year,” said Don Daboub, Senior Vice President of Integrated Marketing Solutions at Entravision. “For the first five months of 2018, our KCEC-TV Univision station has been the number one Spanish Language TV station in Denver from sign on to sign off (Persons 2+). Our success in the May sweeps demonstrates Entravision’s ability to reach and touch U.S. Latino consumers across acculturation levels and we look forward to connecting advertisers with this increasingly vital customer base. Denver has a rapidly growing Hispanic population and our broadcasts have become the go-to source for getting relevant and accurate news delivered in an engaging manner.”

    From 2000 to 2018, the Latino population in the Denver DMA increased 98% to more than 812,000 people (NSI UEs 2018, Persons 2+). The Denver TV DMA is ranked the 17th largest U.S. market overall and 19th among Hispanic markets. Latinos accounting for 21% of the 3.8 million total Denver population.

    Source: Nielsen Station Index May 2018, Denver DMA, Live+SD – [Local news ratings: based on program average ratings, head-to-head Spanish local news stations only, impressions used for share of news viewership]; [Primetime, early fringe and daytime ratings: based on time period ratings];[Reach: Total P2+ reach for May 2018 sweep period, 75% unification, sweep week]; [Sign on to sign off is based on M-Su 5a-1a ratings among Persons2+].

    Colorado is one of Entravision’s largest media markets, with a cluster of five television stations, four radio stations, websites and other interactive digital media. In the Colorado market, Entravision owns and operates Univision affiliate KCEC-TV, UniMás affiliate KGHB-TV, LATV affiliate KDVT-LP and three radio stations KJMN José 92.1 FM, KMXA Super Estrella 1090 AM and KXPK La Tricolor 96.5 FM.  Entravision manages the sales and marketing for UniMás affiliate KTFD-TV under a marketing and sales arrangement. Additionally, Entravision owns and operates Univision affiliate KVSN-TV in Colorado Springs and KPVW La Tricolor 107.1 FM in Aspen.

    About Entravision Communications Corporation
    Entravision Communications Corporation is a leading media company that reaches and engages U.S. Latinos across acculturation levels and media channels, as well as consumers in Mexico. The company’s comprehensive portfolio incorporates integrated media and marketing solutions comprised of acclaimed television, radio, digital properties, events, and data analytics services. Entravision has 56 primary television stations and is the largest affiliate group of both the Univision and UniMás television networks. Entravision also owns and operates 49 primarily Spanish-language radio stations featuring nationally recognized talent, as well as the Entravision Audio Network and Entravision Solutions, a coast-to-coast national spot and network sales and marketing organization representing Entravision’s owned and operated, as well as its affiliate partner, radio stations. According to comScore Media Metrix®, Entravision’s digital operating group, Pulpo, is the #1-ranked online advertising platform in Hispanic reach, and Pulpo’s comprehensive media offering, data, and consumer insights lead the industry. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC. www.entravision.com.

    Cision View original content:http://www.prnewswire.com/news-releases/entravisions-kcec-tv-univision-colorado-extends-market-leadership-as-the-number-one-spanish-language-tv-station-during-may-sweeps-300660936.html

    SOURCE Entravision