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  • Entravision Communications Corporation To Present At Gabelli & Company 10th Annual Entertainment & Broadcasting Symposium

    Entravision Communications Corporation To Present At Gabelli & Company 10th Annual Entertainment & Broadcasting Symposium

    SANTA MONICA, Calif., June 5, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified media company serving Latino audiences and communities, today announced that Christopher T. Young, Executive Vice President, Chief Financial Officer and Treasurer, will be presenting at the Gabelli & Company 10th Annual Entertainment & Broadcasting Symposium in New York, NY at 3:30 p.m. ET (12:30 p.m. PT) on Thursday, June 7, 2018.

    The presentation will be made available to the public via live audio webcast, which can be accessed by visiting the investor relations section of Entravision’s corporate website at http://www.entravision.com.

    About Entravision Communications Corporation

    Entravision Communications Corporation is a leading global media company that reaches and engages U.S. Latinos across acculturation levels and media channels, as well as consumers in Mexico and other markets in Latin America. 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 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. Learn more at: www.entravision.com

    Cision View original content:http://www.prnewswire.com/news-releases/entravision-communications-corporation-to-present-at-gabelli–company-10th-annual-entertainment–broadcasting-symposium-300659887.html

    SOURCE Entravision

  • Entravision Communications Corporation Announces Exclusive Promotional Events And Content To Support Its 2018 FIFA World Cup Radio Broadcasts

    Entravision Communications Corporation Announces Exclusive Promotional Events And Content To Support Its 2018 FIFA World Cup Radio Broadcasts

    SANTA MONICA, Calif., May 29, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), an official radio affiliate partner of Fútbol de Primera for the 2018 FIFA World Cup, today announced new exclusive promotional events and content in support of its coverage of the FIFA World Cup across its radio stations in 16 markets.

    Entravision’s popular radio program, El Show de Erazno y La Chokolata will be broadcasting live June 18th to June 22nd from the FIFA World Cup International Broadcast center in Moscow, to deliver exclusive moments, stories and fan experiences during the first full week of this worldwide soccer tournament. In advance of the 2018 FIFA World Cup, the El Show de Erazno y La Chokolata has been conducting two promotions.  Entravision and El Show de Erazno y La Chokolata partnered with Soccer United Marketing (on behalf of the Mexican National Soccer team) to conduct a social media search for one lucky fan to sing the Mexican national anthem at the Mexico vs. Wales game at the Rose Bowl on Memorial Day (May 28th). The lucky winner was introduced live on the field by Erazno just prior to the start of the match.  The second exclusive promotion runs through June 14th and provides Erazno y La Chokolata listeners a chance to win $100 every time they hear soccer legendary commentator, Andres Cantor’s signature “GOOOL!” chant.

    “Soccer is the number one sport among Hispanics and these exclusive programs are an exceptional platform for national and local advertisers to engage with Latinos who reside in the 16 markets where we are carrying the FIFA World Cup and be able to capitalize on this prestigious global soccer event. We believe we are unique in our capability to offer local advertisers the ability to participate in the excitement that is the 2018 World Cup and look forward to help them connect with the Latino market,” said Jeffery A. Liberman, President and Chief Operating Officer of Entravision.

    World Cup coverage kicks off on June 14th with the opening ceremony and the beginning of group play, and will include the live broadcast of all three scheduled matches for the Mexico National Team in group play, including Mexico playing the World Cup defending champion Germany on Sunday, June 17th at 8 am PT.

    Initial sponsors for Entravision’s broadcast of the 2018 FIFA World Cup across its radio stations in 16 markets include Los Angeles, Riverside, Phoenix, Stockton, Modesto, Rio Grande Valley, Denver – Colorado Springs, Albuquerque, El Paso, Las Vegas, Monterey – Salinas, El Centro – Yuma, Palm Springs and Reno.

    About Entravision Communications Corporation
    Entravision Communications Corporation is a leading global media company that reaches and engages U.S. Latinos across acculturation levels and media channels, as well as consumers in Mexico and other markets in Latin America. 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 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. Learn more at: www.entravision.com

    Cision View original content:http://www.prnewswire.com/news-releases/entravision-communications-corporation-announces-exclusive-promotional-events-and-content-to-support-its-2018-fifa-world-cup-radio-broadcasts-300655284.html

    SOURCE Entravision Communications Corporation

  • Entravision Communications Corporation Reports First Quarter 2018 Results

    Entravision Communications Corporation Reports First Quarter 2018 Results

    SANTA MONICA, Calif., May 8, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC) today reported financial results for the three-month period ended March 31, 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 9. Unaudited financial highlights are as follows:

    Three-Month Period

    Ended March 31,

    2018

    2017

    % Change

    Net revenue

    $

    66,838

    $

    57,510

    16

    %

    Cost of revenue – digital media (1)

    10,625

    1,752

    506

    %

    Operating expenses (2)

    44,327

    38,292

    16

    %

    Corporate expenses (3)

    5,975

    5,867

    2

    %

    Consolidated adjusted EBITDA (4)

    6,937

    12,570

    (45)

    %

    Free cash flow (5)

    $

    1,590

    $

    7,265

    (78)

    %

    Net income (loss)

    $

    (1,808)

    $

    2,618

    *

    Net income per share, basic and diluted

    $

    (0.02)

    $

    0.03

    *

    Weighted average common shares

     outstanding, basic

    90,319,092

    90,236,476

    Weighted average common shares

     outstanding, diluted

    90,319,092

    91,760,531

    (1)

    Cost of revenue – digital media 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 $0.2 million of non-cash stock-based compensation for each of the three-month periods ended March 31, 2018 and 2017. 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 $1.0 million and $0.8 million of non-cash stock-based compensation for the three-month periods ended March 31, 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), 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), 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, and capital expenditures 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 first quarter, we achieved revenue growth driven by increases in our digital media segment attributable to the acquisition of Headway.  This growth in our digital media segment offsets decreases in both our television and radio segments, which were affected by decreases in local and national advertising revenue compared to 2017.  We continued to build our digital footprint, while undertaking an extensive review of our business in order 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 June 29, 2018 to shareholders of record as of the close of business on June 14, 2018, and the common stock will trade ex-dividend on June 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.

    Share Repurchase Program

    The Company announced today that its Board of Directors has approved the extension of its share repurchase program announced in August 2017 with a repurchase authorization of up to an additional $15 million of the Company’s common stock, for a total repurchase authorization of up to $30 million.  Under the new share repurchase program, the Company is authorized to purchase shares from time to time through open market purchases or negotiated purchases, subject to market conditions and other factors. 

    Financial Results

    Three-Month Period Ended March 31, 2018 Compared to Three-Month Period Ended

    March 31, 2017

    (Unaudited)

    Three-Month Period

    Ended March 31,

    2018

    2017

    % Change

    Net revenue

    $

    66,838

    $

    57,510

    16

    %

    Cost of revenue – digital media (1)

    10,625

    1,752

    506

    %

    Operating expenses (1)

    44,327

    38,292

    16

    %

    Corporate expenses (1)

    5,975

    5,867

    2

    %

    Depreciation and amortization

    3,939

    3,546

    11

    %

    Change in fair value of contingent consideration

    2,100

    –

    *

    Foreign currency (gain) loss

    213

    –

    *

    Operating income (loss)

    (341)

    8,053

    *

    Interest expense, net

    (2,485)

    (3,536)

    (30)

    %

    Dividend income

    128

    –

    *

    Other income (loss)

    22

    –

    *

    Income (loss) before income taxes

    (2,676)

    4,517

    *

    Income tax benefit (expense)

    930

    (1,899)

    *

    Net income (loss) before equity in net income

     (loss) of nonconsolidated affiliates

    (1,746)

    2,618

    *

    Equity in net income (loss) of

     nonconsolidated affiliates, net of tax

    (62)

    –

    *

    Net income (loss)

    $

    (1,808)

    $

    2,618

    *

    (1)

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

    Net revenue increased to $66.8 million for the three-month period ended March 31, 2018 from $57.5 million for the three-month period ended March 31, 2017, an increase of $9.3 million. Of the overall increase, approximately $14.2 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 in the prior year period. The overall increase was partially offset by a decrease in our television segment of approximately $3.2 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, 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.

    Cost of revenue in our digital media segment increased to $10.6 million for the three-month period ended March 31, 2018 from $1.8 million for the three-month period ended March 31, 2017, an increase of $8.8 million, primarily due to the acquisition of Headway during the second quarter of 2017, which did not contribute to cost of revenue in the prior year period.

    Operating expenses increased to $44.3 million for the three-month period ended March 31, 2018 from $38.3 million for the three-month period ended March 31, 2017, an increase of $6.0 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 in the prior year period, partially offset by an increase in salary expense and an increase in expenses related 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.

    Corporate expenses increased to $6.0 million for the three-month period ended March 31, 2018 from $5.9 million for the three-month period ended March 31, 2017, an increase of $0.1 million. The increase was primarily due to an increase in non-cash stock-based compensation expense.

    Segment Results

    The following represents selected unaudited segment information:

    Three-Month Period

    Ended March 31,

    2018

    2017

    % Change

    Net Revenue

    Television

    $

    34,491

    $

    37,710

    (9)

    %

    Radio

    14,103

    15,719

    (10)

    %

    Digital

    18,244

    4,081

    347

    %

    Total

    $

    66,838

    $

    57,510

    16

    %

    Cost of Revenue – digital media (1)

    Digital

    $

    10,625

    $

    1,752

    506

    %

    Operating Expenses (1)

    Television

    21,522

    20,205

    7

    %

    Radio

    15,280

    15,721

    (3)

    %

    Digital

    7,525

    2,366

    218

    %

    Total

    $

    44,327

    $

    38,292

    16

    %

    Corporate Expenses (1)

    $

    5,975

    $

    5,867

    2

    %

    Consolidated adjusted EBITDA (1)

    $

    6,937

    $

    12,570

    (45)

    %

    (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 first quarter results on May 8, 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)

    March 31,

    December 31,

    2018

    2017

    ASSETS

    Current assets

    Cash and cash equivalents

    $

    89,224

    $

    39,560

    Marketable securities

    157,752

    –

    Restricted cash

    769

    222,294

    Trade receivables, net of allowance for doubtful accounts

    73,728

    84,348

    Prepaid expenses and other current assets

    9,732

    6,260

    Total current assets

    331,205

    352,462

    Property and equipment, net

    60,075

    60,337

    Intangible assets subject to amortization, net

    25,306

    26,758

    Intangible assets not subject to amortization

    254,506

    251,163

    Goodwill

    70,557

    70,557

    Other assets

    4,253

    4,690

    Total assets

    $

    745,902

    $

    765,967

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities

    Current maturities of long-term debt

    $

    3,000

    $

    3,000

    Accounts payable and accrued expenses

    46,397

    57,563

    Deferred revenue

    1,535

    1,959

    Total current liabilities

    50,932

    62,522

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

    291,863

    292,489

    Other long-term liabilities

    23,420

    21,447

    Deferred income taxes

    39,289

    40,639

    Total liabilities

    405,504

    417,097

    Stockholders’ equity

    Class A common stock

    7

    7

    Class B common stock

    2

    2

    Class U common stock

    1

    1

    Additional paid-in capital

    882,935

    888,650

    Accumulated deficit

    (541,538)

    (539,730)

    Accumulated other comprehensive income (loss)

    (1,009)

    (60)

    Total stockholders’ equity

    340,398

    348,870

    Total liabilities and stockholders’ equity

    $

    745,902

    $

    765,967

    Entravision Communications Corporation

    Consolidated Statements of Operations

    (In thousands, except share and per share data)

    (Unaudited)

    Three-Month Period

    Ended March 31,

    2018

    2017

    Net revenue

    $

    66,838

    $

    57,510

    Expenses:

    Cost of revenue – digital media

    10,625

    1,752

    Direct operating expenses

    31,033

    27,092

    Selling, general and administrative expenses

    13,294

    11,200

    Corporate expenses

    5,975

    5,867

    Depreciation and amortization

    3,939

    3,546

    Change in fair value of contingent consideration

    2,100

    –

    Foreign currency (gain) loss

    213

    –

    67,179

    49,457

    Operating income (loss)

    (341)

    8,053

    Interest expense

    (3,398)

    (3,645)

    Interest income

    913

    109

    Dividend income

    128

    –

    Other income (loss)

    22

    –

    Income (loss) before income taxes

    (2,676)

    4,517

    Income tax benefit (expense)

    930

    (1,899)

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

    (1,746)

    2,618

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

    (62)

    –

    Net income (loss)

    $

    (1,808)

    $

    2,618

    Basic and diluted earnings per share:

    Net income (loss) per share, basic and diluted

    $

    (0.02)

    $

    0.03

    Cash dividends declared per common share

    $

    0.05

    $

    0.03

    Weighted average common shares outstanding, basic

    90,319,092

    90,236,476

    Weighted average common shares outstanding, diluted

    90,319,092

    91,760,531

    Entravision Communications Corporation

    Consolidated Statements of Cash Flows

    (In thousands; unaudited)

    Three-Month Period

    Ended March 31,

    2018

    2017

    Cash flows from operating activities:

    Net income (loss)

    $

    (1,808)

    $

    2,618

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

    Depreciation and amortization

    3,939

    3,546

    Deferred income taxes

    (1,014)

    1,473

    Amortization of debt issue costs

    124

    183

    Amortization of syndication contracts

    176

    109

    Payments on syndication contracts

    (186)

    (113)

    Equity in net (income) loss of nonconsolidated affiliate

    62

    –

    Non-cash stock-based compensation

    1,249

    975

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    11,043

    10,979

    (Increase) decrease in prepaid expenses and other assets

    (3,981)

    (891)

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

    (5,977)

    (5,963)

    Net cash provided by operating activities

    3,627

    12,916

    Cash flows from investing activities:

    Purchases of property and equipment

    (3,030)

    (1,526)

    Purchases of intangible assets

    (3,153)

    –

    Purchases of marketable securities

    (159,403)

    –

    Purchases of investments

    –

    (250)

    Deposits on acquisition

    –

    (230)

    Net cash provided by (used in) investing activities

    (165,586)

    (2,006)

    Cash flows from financing activities:

    Proceeds from stock option exercises

    –

    311

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

    (2,227)

    –

    Payments on long-term debt

    (750)

    (938)

    Dividends paid

    (4,518)

    (2,821)

    Repurchase of Class A common stock

    (2,402)

    –

    Net cash used in financing activities

    (9,897)

    (3,448)

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

    (5)

    –

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

    (171,861)

    7,462

    Cash, cash equivalents and restricted cash:

    Beginning

    261,854

    61,520

    Ending

    $

    89,993

    $

    68,982

    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

    Ended March 31,

    2018

    2017

    Consolidated adjusted EBITDA (1)

    $

    6,937

    $

    12,570

    Interest expense

    (3,398)

    (3,645)

    Interest income

    913

    109

    Dividend income

    128

    –

    Income tax expense

    930

    (1,899)

    Equity in net loss of nonconsolidated affiliates

    (62)

    –

    Amortization of syndication contracts

    (176)

    (109)

    Payments on syndication contracts

    186

    113

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

    (216)

    (223)

    Non-cash stock-based compensation included in corporate expenses

    (1,033)

    (752)

    Depreciation and amortization

    (3,939)

    (3,546)

    Change in fair value of contingent consideration

    (2,100)

    –

    Other income (loss)

    22

    –

    Net income (loss)

    (1,808)

    2,618

    Depreciation and amortization

    3,939

    3,546

    Deferred income taxes

    (1,014)

    1,473

    Amortization of debt issue costs

    124

    183

    Amortization of syndication contracts

    176

    109

    Payments on syndication contracts

    (186)

    (113)

    Equity in net (income) loss of nonconsolidated affiliate

    62

    –

    Non-cash stock-based compensation

    1,249

    975

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    11,043

    10,979

    (Increase) decrease in prepaid expenses and other assets

    (3,981)

    (891)

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

    (5,977)

    (5,963)

    Cash flows from operating activities

    3,627

    12,916

    (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

    Ended March 31,

    2018

    2017

    Consolidated adjusted EBITDA (1)

    $

    6,937

    $

    12,570

    Net interest expense (1)

    (2,361)

    (3,353)

    Dividend income

    128

    –

    Cash paid for income taxes

    (84)

    (426)

    Capital expenditures (2)

    (3,030)

    (1,526)

    Free cash flow (1)

    1,590

    7,265

    Capital expenditures (2)

    3,030

    1,526

    Other income (loss)

    22

    –

    Change in fair value of contingent consideration

    (2,100)

    –

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    11,043

    10,979

    (Increase) decrease in prepaid expenses and other assets

    (3,981)

    (891)

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

    (5,977)

    (5,963)

    Cash Flows From Operating Activities

    $

    3,627

    $

    12,916

    (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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    SOURCE Entravision Communications Corporation

  • Entravision Communications Corporation Helps Amplify Jarritos® “Destapa Tu Fortuna” Campaign

    Entravision Communications Corporation Helps Amplify Jarritos® “Destapa Tu Fortuna” Campaign

    SANTA MONICA, Calif., May 7, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified media company serving Latino audiences and communities, announced today a partnership with Novamex to air and promote its “Destapa Tu Fortuna” campaign on all of Entravision’s radio stations nationally.  The campaign, which started on May 1st and will end on September 15th is designed as a way to recognize and give back to Jarritos customers.  It will be supported by Entravision’s syndicated radio personalities who will leverage their on-air and social media influences to drive awareness.

    The “Destapa Tu Fortuna” campaign includes the drinks Jarritos, Mineragua, Sidral Mundet and Sangria Señorial with consumers looking under the cap for a winning code. Prizes include $300,000 in cash, six cars, and millions of purchase discounts on Vudu and Fanatics. The campaign is in part sponsored by entertainment service Vudu which lets consumers rent, buy, and watch movies and TV shows, and Fanatics, the ultimate sports apparel store and fan gear shop.

    “We are delighted that Jarritos has chosen Entravision for this unique opportunity to help promote the Destapa Tu Fortuna campaign and drive further awareness of the brands in the market. We look forward to strengthening our partnership with Jarritos by utilizing the ability of our stations, programming and on-air personalities to connect with their audiences and drive participation,” said Jim Lyke, EVP, Network Sales of Entravision.

    “We have witnessed the immense popularity of Entravision’s radio personalities who have created a strong connection with their audiences in Latino communities across the nation. By partnering with Entravision and its influencers, we knew we would be able to portray the mission of our campaign, which is to express our gratitude towards our loyal consumers and the benefits they can receive from this promotion,” said Luis R. Fernandez, CEO of Novamex.

    Customers can find a registration code on the caps of these four drinks – Jarritos, Mineragua, Sidral Mundet y Sangría Señorial and register the code on website, www.MyPrizes.net. The website will prompt you when a winning code is entered and the steps to claim your prize.

    About Jarritos
    More than sixty years ago, Jarritos was introduced as Mexico’s first national soft drink. Today, Jarritos is the leading brand in the US in the Mexican soft drink category and has become a Mexican cultural icon. Whether it is the distinctive glass bottle or the eleven unique and great fruit flavors, Jarritos can be found throughout the U.S. in major and independent grocery stores, Mexican restaurants, taquerias, catering trucks and convenience stores. Jarritos flavors are a reflection of Mexico in its array of traditional Mexican flavors made with real sugar and 100% natural flavors including: Tamarind, Mandarin, Fruit Punch, Jamaica, Lime, Grapefruit, Guava, Pineapple, Strawberry, Mango and MXCN Cola.

    About Novamex
    Novamex markets a variety of Mexican food and beverage brands including Jarritos, Sidral Mundet, Sangria Señorial; each brand being a leader in its category in Mexico and widely recognized by Mexican-American consumers in the US. Novamex owns most brands and distribution rights to the remaining brands in the US through partnerships, and long-term distribution contracts. The company was founded in 1987 with its founder’s vision to offer its products to families in the United States. Novamex’s success is due to a wide knowledge of its consumers’ preferences and a philosophy of investing in brands for the long-term through a fully integrated marketing strategy for its ever-evolving consumer.

    About Entravision Communications Corporation
    Entravision Communications Corporation is a leading global media company that reaches and engages U.S. Latinos across acculturation levels and media channels, as well as consumers in Mexico and other markets in Latin America. 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 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. Learn more at: www.entravision.com

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    SOURCE Entravision

  • Entravision Communications Corporation Schedules First Quarter 2018 Earnings Release And Teleconference

    Entravision Communications Corporation Schedules First Quarter 2018 Earnings Release And Teleconference

    SANTA MONICA, Calif., May 3, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC) announced today that it will release first quarter 2018 financial results after market hours on Tuesday, May 8, 2018.

    The company will also host a teleconference to discuss its first quarter financial results on Tuesday, May 8, 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 Tuesday, May 29, 2018 which can be accessed by dialing (877) 344-7529 (U.S.) or (412) 317-0088 (Int’l), passcode 10119977. The webcast will also be archived on the Company’s Web site for 30 days.

    About Entravision Communications Corporation
    Entravision Communications Corporation is a leading global media company that reaches and engages U.S. Latinos across acculturation levels and media channels, as well as consumers in Mexico and other markets in Latin America. 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 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. Learn more at: www.entravision.com

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    SOURCE Entravision Communications Corporation

  • Entravision Communications Corporation Announces Affiliation Partnership for KMCC-TV Las Vegas with Azteca America

    Entravision Communications Corporation Announces Affiliation Partnership for KMCC-TV Las Vegas with Azteca America

    SANTA MONICA, Calif., April 23, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC), a diversified media company serving Latino audiences and communities, announced today an affiliation partnership for Entravision’sKMCC-TV with Azteca America, a U.S.-based, Spanish-language network wholly-owned by HC2 Network Inc., a subsidiary of HC2 Holdings, Inc. (NYSE: HCHC). 

    Starting today, KMCC-TV will air all current Azteca America programming, servicing Las Vegas Nevada. This includes Azteca America’s premier entertainment, adventure reality, and sports programming, as well as its popular primetime programming and “Hechos” news franchises.

    “We are excited to expand our relationship with Azteca America, and to bring their programming to KMCC-TV, our fourth Azteca America affiliate. Azteca America shares our commitment to connect with audiences and advertisers, and to serve the greater community.  Las Vegas is a vibrant and growing market and we look forward to a successful partnership,” said Jeffery A. Liberman, President and Chief Operating Officer for Entravision.

    “At Azteca America we are committed to serving the Hispanic market and providing our advertising and business partners with impactful marketing solutions.  Entravision is an ideal partner that brings strong relationships and a comprehensive understanding of the Las Vegas marketplace,” said Enrique Perez, Executive Vice President of Azteca America Station Group.

    KMCC-TV is broadcast over the air on Channel 34 and can also be seen on the Cox cable system on Channels 14 and 1014, and on Channel 19 on both Dish and DirecTV.

    About Entravision Communications Corporation
    Entravision Communications Corporation is a leading global media company that reaches and engages U.S. Latinos across acculturation levels and media channels, as well as consumers in Mexico and other markets in Latin America. 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 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. Learn more at: www.entravision.com

    About Azteca America Network
    Azteca America is a U.S.-based Spanish-language television network that engages viewers by creating unique, passionate and enlightening content that is relevant to the daily lives of its Hispanic audience. Wholly owned by HC2 Network Inc., a subsidiary of HC2 Holdings, Inc., (NYSE: HCHC) Azteca America delivers an innovative lineup of shows and series from world-renowned third-party producers and distributors to ensure the finest programming for its audience. The media company provides tailored, multi-platform advertising solutions for clients seeking to reach the most dynamic consumer group in the country.

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    SOURCE Entravision

  • Entravision Communications Corporation to Host Fourth Annual Salsa y Sazón Latin Food and Music Festival

    Entravision Communications Corporation to Host Fourth Annual Salsa y Sazón Latin Food and Music Festival

    ORLANDO, Fla., April 4, 2018  /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC) today announced that it will host its fourth Annual Salsa y Sazón Latin Food and Music Festival on Sunday, April 15th. The event will be located in Almonte Springs and is considered to be the Orlando area’s largest festival event of the year. This year’s event will feature music from premier tropical artists including Gente de Zona, Grupo Niche, Michael Stuart and Charlie Cruz. The festival will also serve culinary delights from various Latin countries and artisan crafts appealing to patrons of all ages. Family and patrons of all ages are welcomed to the festival and can enjoy the day in the family pavilion with its many activities and children’s play area. 

    “We are excited to once again bring Central Florida our annual Salsa y Sazón Latin Food and Music Festival. We are expecting more than 10,000 attendants and are honored to be able to showcase some of the biggest tropical artists of the day. This event allows the entire central Florida community to come together to celebrate Latino culture with vibrant music and food,” said Humberto Hormaza, Senior Vice-President of Entravision.

    This year’s sponsors include Dan Newlin, Florida Lottery, Wells Fargo, Goya, Pepsi, Heineken, and Orlando Health, to name a few. The festival will take place on Sunday, April 15th from 11am – 8 pm ET at the Cranes Roost Park in Altamonte Springs, FL. For more information on the festival you can visit www.salsa981.com or call 407-774-2626.

    About Entravision Communications Corporation
    Entravision Communications Corporation is a leading global media company that reaches and engages U.S. Latinos across acculturation levels and media channels, as well as consumers in Mexico and other markets in Latin America. 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 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. Learn more at: www.entravision.com

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    SOURCE Entravision Communications Corporation

  • Entravision Communications Corporation To Broadcast The 2018 FIFA World Cup

    Entravision Communications Corporation To Broadcast The 2018 FIFA World Cup

    SANTA MONICA, Calif., April 2, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC) announced today that its radio stations in 16 markets will broadcast 53 of the 64 total matches of the 2018 FIFA World Cup including all quarter finals, semi-finals, third place and final matches through a partnership with Futbol de Primera.

    Coverage kicks off on June 14th with the opening ceremony and the beginning of group play, and will include the live broadcast of all three scheduled matches for the Mexico National Team in group play, including Mexico playing the World Cup defending champion Germany on Sunday, June 17th at 8 am PT.  Coverage will be provided by some of the top play-by-play soccer announcers in the world, including legendary commentator Andres Cantor, with his signature “GOOOOOLLLLL!” which is popular around the world.  Every match will include both a live 30-minute pre- and post-game coverage broadcast.

    “Latinos live and breathe soccer and it is by far the number one sport among our listeners. We’re excited to be part of the World Cup event and our ability to provide extensive coverage to our local communities through our radio stations. This global soccer tournament is one of the most recognized sporting events in the world and provides advertisers with a premier opportunity to connect with our audience,” said Jeffery A. Liberman, President and Chief Operating Officer of Entravision.

    Entravision radio stations and markets that will air the 2018 FIFA World Cup games, include:

    Market

    State

    Call Letters

    Station

    Albuquerque

    NM

    KRZY 105.9 FM

    La Tricolor

    Denver

    CO

    KJMN 92.1 FM / KMXA 1090 AM

    La Suavecita

    El Paso

    TX

    KINT 93.9 FM, KSVE 1650 AM

    La Suavecita (KINT) / ESPN Deportes (KSVE)

    Las Vegas

    NV

    KRRN 92.7 FM   

    La Suavecita

    Los Angeles

    CA

    KLYY 97.5 FM/103.1 FM

    La Tricolor

    Lubbock

    TX

    KBZO 1460 AM / KAIQ 95.5FM

    ESPN Deportes / La Tricolor

    McAllen

    TX

    KNVO 101.1 FM

    La Suavecita

    Modesto

    CA

    KTSE 97.1FM

    La Suavecita

    Monterey / Salinas

    CA

    KSES 107. 1 FM

    La Suavecita

    Palm Springs

    CA

    KLOB 94.7 FM

    La Suavecita

    Phoenix

    AZ

    KBMB 710 AM, KVVA/KDVA 107.1 FM/106.9 FM

    ESPN Deportes (KBMB) /

    La Suavecita (KVVA/KVDA)

    Reno

    NV

    KRNV 102.1 FM

    La Tricolor

    Riverside

    CA

    KLYY 97.5 FM/103.1 FM

    La Tricolor

    Sacramento

    CA

    KXSE 104.3 FM

    La Suavecita

    Stockton

    CA

    KCVR 98.9FM

    La Suavecita

    Yuma / El Centro

    CA/AZ

    KSEH 94.5 FM

    La Suavecita

    About Entravision Communications Corporation
    Entravision Communications Corporation is a leading global media company that reaches and engages U.S. Latinos across acculturation levels and media channels, as well as consumers in Mexico and other markets in Latin America. 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 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. Learn more at: www.entravision.com

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    SOURCE Entravision Communications Corporation

  • Entravision Communications Corporation Reports Fourth Quarter And Full Year 2017 Results

    Entravision Communications Corporation Reports Fourth Quarter And Full Year 2017 Results

    SANTA MONICA, Calif., March 14, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC) today reported financial results for the three- and twelve-month periods ended December 31, 2017.

    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 11. Unaudited financial highlights are as follows:

    Three Months Ended

    Twelve Months Ended

    December 31,

    December 31,

    2017

    2016

    % Change

    2017

    2016

    % Change

    Net revenue:

    Revenue from advertising and

    retransmission consent

    $

    73,460

    $

    70,291

    5

    %

    $

    272,091

    $

    258,514

    5

    %

    Revenue from spectrum usage rights

    –

    –

    *

    263,943

    –

    *

    $

    73,460

    $

    70,291

    5

    %

    $

    536,034

    $

    258,514

    107

    %

    Cost of revenue – television (spectrum

    usage rights) (1)

    209

    –

    *

    12,340

    –

    *

    Cost of revenue – digital media (1)

    11,782

    3,043

    287

    %

    32,206

    9,536

    238

    %

    Operating expenses (2)

    45,118

    41,102

    10

    %

    168,399

    160,237

    5

    %

    Corporate expenses (3)

    8,242

    7,918

    4

    %

    27,937

    24,543

    14

    %

    Foreign currency (gain) loss

    57

    –

    *

    350

    –

    *

    Consolidated adjusted EBITDA (4)

    11,199

    20,620

    (46)

    %

    51,400

    69,243

    (26)

    %

    Free cash flow (5)

    $

    5,901

    $

    14,919

    (60)

    %

    $

    287,618

    $

    45,204

    536

    %

    Net income

    $

    12,972

    $

    7,003

    85

    %

    $

    176,293

    $

    20,405

    764

    %

    Net income per share, basic

    $

    0.14

    $

    0.08

    75

    %

    $

    1.95

    $

    0.23

    748

    %

    Net income per share, diluted

    $

    0.14

    $

    0.08

    75

    %

    $

    1.92

    $

    0.22

    773

    %

    Weighted average common shares

     outstanding, basic

    89,980,200

    89,733,294

    90,272,257

    89,340,589

    Weighted average common shares outstanding, diluted

    91,613,199

    91,642,487

    91,891,957

    91,303,056

    (1)      Cost of revenue – digital media 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. Cost of revenue – television (spectrum usage rights) consists primarily of the carrying value of spectrum usage rights surrendered in the Federal Communications Commission (“FCC”) auction for broadcast spectrum.

    (2)      Operating expenses include direct operating and selling, general and administrative expenses. Included in operating expenses are $0.4 million and $0.6 million of non-cash stock-based compensation for the three-month periods ended December 31, 2017 and 2016, respectively, and $1.2 million and $1.3 million of non-cash stock-based compensation for the twelve-month periods ended December 31, 2017 and 2016, 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 and other income (loss).

    (3)      Corporate expenses include $2.5 million and $1.8 million of non-cash stock-based compensation for the three-month periods ended December 31, 2017 and 2016, respectively, and $4.9 million and $3.7 million of non-cash stock-based compensation for the twelve-month periods ended December 31, 2017 and 2016, 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), 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), gain (loss) on debt extinguishment, income tax (expense) benefit, equity in net income (loss) of nonconsolidated affiliate, non-cash losses, syndication programming amortization and does include 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, and capital expenditures plus 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 fourth quarter, we achieved revenue growth driven by increases in our digital media segment attributable to the acquisition of Headway.  This growth in our digital media segment offsets decreases in both our television and radio segments, which were affected by decreases in local and national advertising revenue and the loss of political advertising revenue compared to 2016.  We continued to build our digital footprint and, 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.”

    Financial Results

    Three-Month Period Ended December 31, 2017 Compared to Three-Month Period Ended

    December 31, 2016

    (Unaudited)

    Three Months Ended

    December 31,

    2017

    2016

    % Change

    Net, revenue from advertising and retransmission consent

    $

    73,460

    $

    70,291

    5

    %

    Cost of revenue – television (spectrum usage rights) (1)

    209

    –

    *

    Cost of revenue – digital media (1)

    11,782

    3,043

    287

    %

    Operating expenses (1)

    45,118

    41,102

    10

    %

    Corporate expenses (1)

    8,242

    7,918

    4

    %

    Depreciation and amortization

    3,951

    3,618

    9

    %

    Foreign currency (gain) loss

    57

    –

    *

    Operating income

    4,101

    14,610

    (72)

    %

    Interest expense, net

    (5,326)

    (3,746)

    42

    %

    Other income (loss)

    262

    –

    *

    Gain (loss) on debt extinguishment

    (3,306)

    (161)

    1953

    %

    Income before income taxes

    (4,269)

    10,703

    *

    Income tax (expense) benefit

    17,376

    (3,700)

    *

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

    affiliates

    13,107

    7,003

    87

    %

    Equity in net income (loss) of nonconsolidated affiliates

    (135)

    –

    *

    Net income

    $

    12,972

    $

    7,003

    85

    %

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

    Net revenue from advertising and retransmission consent increased to $73.5 million for the three-month period ended December 31, 2017 from $70.3 million for the three-month period ended December 31, 2016, an increase of $3.2 million. Of the overall increase, $13.6 million was attributable to our digital media segment and was primarily due to the acquisition of 100% of the stock of several entities collectively doing business as Headway (“Headway”) during the second quarter of 2017, which did not contribute to net revenue in prior periods. The overall increase was partially offset by a decrease in our television segment of $7.3 million due primarily to a decrease in both local and national revenue and a decrease in political advertising revenue, which was not material in 2017, partially offset by an increase in retransmission consent revenue. Additionally, the overall increase was partially offset by a decrease in our radio segment of $3.1 million due primarily to decreases in both local and national advertising revenue, and a decrease in political advertising revenue, which was not material in 2017.

    Cost of revenue related to revenue from spectrum usage rights was $0.2 million for the three-month period ended December 31, 2017. We did not incur cost of revenue from spectrum usage rights in 2016.

    Cost of revenue in our digital media segment increased to $11.8 million for the three-month period ended December 31, 2017 from $3.0 million for the three-month period ended December 31, 2016, an increase of $8.8 million, primarily due to the acquisition of Headway during the second quarter of 2017, which did not contribute to cost of revenue in prior periods.

    Operating expenses increased to $45.1 million for the three-month period ended December 31, 2017 from $41.1 million for the three-month period ended December 31, 2016, an increase of $4.0 million. The increase was primarily attributable to the acquisition of Headway during the second quarter of 2017, which did not contribute to operating expenses in prior periods, an increase in salary expense and an increase in bad debt expense. The overall increase was partially offset by a decrease in expenses associated with the decrease in television and radio advertising revenue and a decrease in expenses for ratings services and promotional events.

    Corporate expenses increased to $8.2 million for the three-month period ended December 31, 2017 from $7.9 million for the three-month period ended December 31, 2016, an increase of $0.3 million. The increase was primarily due to an increase in non-cash stock-based compensation expense.

    Income tax expense for the three-month period ended December 31, 2017 includes a one-time provisional tax benefit of $17.3 million. This net tax benefit primarily consists of the net tax impact to our deferred taxes from the corporate rate reduction as a result of the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act.

    Twelve-month Period Ended December 31, 2017 Compared to Twelve-month Period Ended

    December 31, 2016

    (Unaudited)

    Twelve Months Ended

    December 31,

    2017

    2016

    % Change

    Net revenue:

    Revenue from advertising and retransmission consent

    $

    272,091

    $

    258,514

    5

    %

    Revenue from spectrum usage rights

    263,943

    –

    *

    Total net revenue

    536,034

    258,514

    107

    %

    Cost of revenue – television (spectrum usage rights) (1)

    12,340

    –

    *

    Cost of revenue – digital media (1)

    32,206

    9,536

    238

    %

    Operating expenses (1)

    168,399

    160,237

    5

    %

    Corporate expenses (1)

    27,937

    24,543

    14

    %

    Depreciation and amortization

    16,411

    15,342

    7

    %

    Foreign currency (gain) loss

    350

    –

    *

    Operating income

    278,391

    48,856

    470

    %

    Interest expense, net

    (15,935)

    (15,169)

    5

    %

    Other income (loss)

    262

    –

    *

    Gain (loss) on debt extinguishment

    (3,306)

    (161)

    1953

    %

    Income before income taxes

    259,412

    33,526

    674

    %

    Income tax (expense) benefit

    (82,809)

    (13,121)

    531

    %

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

    affiliates

    176,603

    20,405

    765

    %

    Equity in net income (loss) of nonconsolidated affiliates

    (310)

    –

    *

    Net income

    $

    176,293

    $

    20,405

    764

    %

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

    Net revenue from advertising and retransmission consent increased to $272.1 million for the twelve-month period ended December 31, 2017 from $258.5 million for the twelve-month period ended December 31, 2016, an increase of $13.6 million. Of the overall increase, $34.0 million was attributable to our digital media segment and was primarily due to the acquisition of Headway during the second quarter of 2017, which did not contribute to net revenue in prior periods. The overall increase was partially offset by a decrease in our television segment of $11.5 million due to a decrease in local revenue and a decrease in political advertising revenue, which was not material in 2017, partially offset by an increase in national advertising revenue and an increase in retransmission consent revenue. Additionally, the overall increase was partially offset by a decrease in our radio segment of $8.9 million due to decreases in both local and national advertising revenue, and a decrease in political advertising revenue, which was not material in 2017.

    Net revenue from spectrum usage rights was $263.9 million for the twelve-month period ended December 31, 2017. We did not generate revenue from spectrum usage rights in 2016.

    Cost of revenue related to revenue from spectrum usage rights was $12.3 million for the twelve-month period ended December 31, 2017. We did not incur cost of revenue from spectrum usage rights in 2016.

    Cost of revenue in our digital media segment increased to $32.2 million for the twelve-month period ended December 31, 2017 from $9.5 million for the twelve-month period ended December 31, 2016, an increase of $22.7 million, primarily due to the acquisition of Headway during the second quarter of 2017, which did not contribute to cost of revenue in prior periods.

    Operating expenses increased to $168.4 million for the twelve-month period ended December 31, 2017 from $160.2 million for the twelve-month period ended December 31, 2016, an increase of $8.2 million. The increase was primarily attributable to the acquisition of Headway during the second quarter of 2017, which did not contribute to operating expenses in prior periods. The overall increase was partially offset by decreases in expenses associated with the decrease in television and radio advertising revenue and decreases in rent expense, ratings service expense and event expense.

    Corporate expenses increased to $27.9 million for the twelve-month period ended December 31, 2017 from $24.5 million for the twelve-month period ended December 31, 2016, an increase of $3.4 million. The increase was primarily due to expenses associated with the FCC auction for broadcast spectrum and non-cash stock-based compensation expense.

    Income tax expense for the twelve-month period ended December 31, 2017 includes a one-time provisional tax benefit of $17.3 million. This net tax benefit primarily consists of the net tax impact to our deferred taxes from the corporate rate reduction as a result of the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act.

    Segment Results

              The following represents selected unaudited segment information:

    Three Months Ended

    Twelve Months Ended

    December 31,

    December 31,

    2017

    2016

    % Change

    2017

    2016

    % Change

    Net Revenue

    Revenue from advertising and retransmission
    consent

    Television

    $

    36,038

    $

    43,380

    (17)

    %

    $

    148,059

    $

    159,523

    (7)

    %

    Radio

    17,118

    20,242

    (15)

    %

    66,934

    75,847

    (12)

    %

    Digital

    20,304

    6,669

    204

    %

    57,098

    23,144

    147

    %

    Total

    $

    73,460

    $

    70,291

    5

    %

    $

    272,091

    $

    258,514

    5

    %

    Revenue from spectrum usage rights (television)

    $

    –

    $

    –

    *

    $

    263,943

    $

    –

    *

    Total Net Revenue

    $

    73,460

    $

    70,291

    5

    %

    $

    536,034

    $

    258,514

    107

    %

    Cost of Revenue  (1)

    Television

    209

    –

    *

    12,340

    –

    *

    Digital

    11,782

    3,043

    287

    %

    32,206

    9,536

    238

    %

    Total

    $

    11,991

    $

    3,043

    294

    %

    $

    44,546

    $

    9,536

    367

    %

    Operating Expenses (1)

    Television

    21,214

    21,312

    (0)

    %

    81,730

    83,611

    (2)

    %

    Radio

    16,021

    16,904

    (5)

    %

    63,315

    65,390

    (3)

    %

    Digital

    7,883

    2,886

    173

    %

    23,354

    11,236

    108

    %

    Total

    $

    45,118

    $

    41,102

    10

    %

    $

    168,399

    $

    160,237

    5

    %

    Corporate Expenses (1)

    $

    8,242

    $

    7,918

    4

    %

    $

    27,937

    $

    24,543

    14

    %

    Foreign currency (gain) loss

    $

    57

    $

    –

    *

    $

    350

    $

    –

    *

    Consolidated adjusted EBITDA (1)

    $

    11,199

    $

    20,620

    (46)

    %

    $

    51,400

    $

    69,243

    (26)

    %

    (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 2017 fourth quarter and full year results on March 14, 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)

    December 31,

    December 31,

    2017

    2016

    ASSETS

    Current assets

    Cash and cash equivalents

    $

    39,560

    $

    61,520

    Restricted Cash

    222,294

    $

    –

    Trade receivables, net of allowance for doubtful accounts

    84,348

    65,072

    Prepaid expenses and other current assets

    6,260

    4,870

    Total current assets

    352,462

    131,462

    Property and equipment, net

    60,337

    55,368

    Intangible assets subject to amortization, net

    26,758

    13,120

    Intangible assets not subject to amortization

    251,163

    220,701

    Goodwill

    70,557

    50,081

    Deferred income taxes

    –

    44,677

    Other assets

    4,690

    2,512

    Total assets

    $

    765,967

    $

    517,921

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities

    Current maturities of long-term debt

    $

    3,000

    $

    3,750

    Accounts payable and accrued expenses

    59,522

    30,810

    Total current liabilities

    62,522

    34,560

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

    292,489

    286,697

    Other long-term liabilities

    21,447

    13,208

    Deferred income taxes

    40,639

    —

    Total liabilities

    417,097

    334,465

    Stockholders’ equity

    Class A common stock

    7

    7

    Class B common stock

    2

    2

    Class U common stock

    1

    1

    Additional paid-in capital

    888,650

    904,867

    Accumulated deficit

    (539,730)

    (718,444)

    Accumulated other comprehensive income (loss)

    (60)

    (2,977)

    Total stockholders’ equity

    348,870

    183,456

    Total liabilities and stockholders’ equity

    $

    765,967

    $

    517,921

    Entravision Communications Corporation

    Consolidated Statements of Operations

    (In thousands, except share and per share data)

    (Unaudited)

    Three-Month Period

    Twelve-Month Period

    Ended December 31,

    Ended December 31,

    2017

    2016

    2017

    2016

    Net revenue

    Revenue from advertising and retransmission consent

    $

    73,460

    $

    70,291

    $

    272,091

    $

    258,514

    Revenue from spectrum usage rights

    –

    –

    263,943

    –

    73,460

    70,291

    536,034

    258,514

    Expenses:

    Cost of revenue – television (spectrum usage rights)

    209

    –

    12,340

    –

    Cost of revenue – digital media

    11,782

    3,043

    32,206

    9,536

    Direct operating expenses

    32,045

    29,098

    119,283

    113,439

    Selling, general and administrative expenses

    13,073

    12,004

    49,116

    46,798

    Corporate expenses

    8,242

    7,918

    27,937

    24,543

    Depreciation and amortization

    3,951

    3,618

    16,411

    15,342

    Foreign currency (gain) loss

    57

    –

    350

    –

    69,359

    55,681

    257,643

    209,658

    Operating income

    4,101

    14,610

    278,391

    48,856

    Interest expense

    (5,625)

    (3,850)

    (16,709)

    (15,469)

    Interest income

    299

    104

    774

    300

    Other income (loss)

    262

    –

    262

    –

    Gain (loss) on debt extinguishment

    (3,306)

    (161)

    (3,306)

    (161)

    Income before income taxes

    (4,269)

    10,703

    259,412

    33,526

    Income tax (expense) benefit

    17,376

    (3,700)

    (82,809)

    (13,121)

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

    13,107

    7,003

    176,603

    20,405

    Equity in net income (loss) of nonconsolidated affiliate

    (135)

    –

    (310)

    –

    Net income

    $

    12,972

    $

    7,003

    $

    176,293

    $

    20,405

    Basic and diluted earnings per share:

    Net income per share, basic

    $

    0.14

    $

    0.08

    $

    1.95

    $

    0.23

    Net income per share, diluted

    $

    0.14

    $

    0.08

    $

    1.92

    $

    0.22

    Cash dividends declared per common share, basic

    $

    0.05

    $

    0.03

    $

    0.16

    $

    0.13

    Cash dividends declared per common share, diluted

    $

    0.05

    $

    0.03

    $

    0.16

    $

    0.12

    Weighted average common shares outstanding, basic

    89,980,200

    89,733,294

    90,272,257

    89,340,589

    Weighted average common shares outstanding, diluted

    91,613,199

    91,642,487

    91,891,957

    91,303,056

    Entravision Communications Corporation

    Consolidated Statements of Cash Flows

    (In thousands; unaudited)  

    Three-Month Period

    Twelve-Month Period

    Ended December 31,

    Ended December 31,

    2017

    2016

    2017

    2016

    Cash flows from operating activities:

    Net income

    $

    12,972

    $

    7,003

    $

    176,293

    $

    20,405

    Adjustments to reconcile net income to net cash provided by
    operating activities:

    Depreciation and amortization

    3,951

    3,618

    16,411

    15,342

    Cost of revenue  – television (spectrum usage rights)

    209

    –

    12,340

    –

    Deferred income taxes

    (17,551)

    3,641

    81,963

    12,528

    Non-cash interest

    2,642

    197

    3,237

    776

    Amortization of syndication contracts

    141

    109

    452

    398

    Payments on syndication contracts

    (145)

    (118)

    (445)

    (388)

    Equity in net (income) loss of nonconsolidated affiliate

    135

    –

    310

    –

    Non-cash stock-based compensation

    2,942

    2,401

    6,091

    5,035

    (Gain) loss on sale of property

    28

    –

    28

    –

    (Gain) loss on debt extinguishment

    3,306

    161

    3,306

    161

    Changes in assets and liabilities:

    (Increase) decrease in trade receivables

    (12,376)

    (4,407)

    414

    1,397

    (Increase) decrease in prepaid expenses and other current
    assets

    917

    1,391

    (913)

    439

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

    6,424

    4,395

    (2,438)

    1,203

    Net cash provided by operating activities

    3,595

    18,391

    297,049

    57,296

    Cash flows from investing activities:

    Proceeds from sale of property and equipment and intangibles

    50

    –

    50

    –

    Purchases of property and equipment

    (2,439)

    (2,093)

    (12,078)

    (9,053)

    Purchases of intangibles

    –

    –

    (32,588)

    –

    Purchase of a business, net of cash acquired

    (21,008)

    –

    (28,497)

    –

    Purchases of short term investments: CDs

    –

    –

    –

    (30,000)

    Proceeds from short term investments: CDs

    –

    –

    –

    30,000

    Purchases of investments

    (250)

    (250)

    (2,450)

    (500)

    Deposits on acquisition

    1,050

    –

    (190)

    –

    Net cash used in investing activities

    (22,597)

    (2,343)

    (75,753)

    (9,553)

    Cash flows from financing activities:

    Proceeds from stock option exercises

    697

    (1,105)

    708

    780

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

    (798)

    –

    (798)

    –

    Payments on long-term debt

    (290,750)

    (20,937)

    (293,563)

    (23,750)

    Dividends paid

    (4,491)

    (2,806)

    (14,670)

    (11,177)

    Repurchase of Class A common stock

    (3,552)

    –

    (5,330)

    –

    Termination of swap agreements

    (2,441)

    –

    (2,441)

    –

    Proceeds from borrowings on long-term debt

    298,500

    –

    298,500

    –

    Payments of capitalized debt offering and issuance costs

    (3,382)

    –

    (3,382)

    –

    Net cash used in financing activities

    (6,217)

    (24,848)

    (20,976)

    (34,147)

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

    (3)

    –

    14

    –

    Net increase (decrease) in cash and cash equivalents

    (25,222)

    (8,800)

    200,334

    13,596

    Cash and cash equivalents:

    Beginning

    287,076

    70,320

    61,520

    47,924

    Ending

    $

    261,854

    $

    61,520

    $

    261,854

    $

    61,520

    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

    Twelve-Month Period

    Ended December 31,

    Ended December 31,

    2017

    2016

    2017

    2016

    Consolidated adjusted EBITDA (1)

    $

    11,199

    $

    20,620

    $

    51,400

    $

    69,243

    Net revenue – FCC spectrum incentive auction

    –

    –

    263,943

    –

    Expenses – FCC spectrum incentive auction

    (209)

    –

    (14,443)

    –

    Interest expense

    (5,625)

    (3,850)

    (16,709)

    (15,469)

    Interest income

    299

    104

    774

    300

    Gain (loss) on debt extinguishment

    (3,306)

    (161)

    (3,306)

    (161)

    Income tax (expense) benefit

    17,376

    (3,700)

    (82,809)

    (13,121)

    Amortization of syndication contracts

    (141)

    (109)

    (452)

    (398)

    Payments on syndication contracts

    145

    118

    445

    388

    Non-cash stock-based compensation included in direct operating

     expenses

    (430)

    (630)

    (1,236)

    (1,330)

    Non-cash stock-based compensation included in corporate expenses

    (2,512)

    (1,771)

    (4,855)

    (3,705)

    Depreciation and amortization

    (3,951)

    (3,618)

    (16,411)

    (15,342)

    Other income (loss)

    262

    –

    262

    –

    Equity in net income (loss) of nonconsolidated affiliates

    (135)

    –

    (310)

    –

    Net income

    12,972

    7,003

    176,293

    20,405

    Depreciation and amortization

    3,951

    3,618

    16,411

    15,342

    Cost of revenue  – television (spectrum usage rights)

    209

    –

    12,340

    –

    Deferred income taxes

    (17,551)

    3,641

    81,963

    12,528

    Amortization of debt issuance costs

    2,642

    197

    3,237

    776

    Amortization of syndication contracts

    141

    109

    452

    398

    Payments on syndication contracts

    (145)

    (118)

    (445)

    (388)

    Equity in net (income) loss of nonconsolidated affiliate

    135

    –

    310

    –

    Non-cash stock-based compensation

    2,942

    2,401

    6,091

    5,035

    (Gain) loss on sale of property

    28

    –

    28

    –

    (Gain) loss on debt extinguishment

    3,306

    161

    3,306

    161

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    (12,376)

    (4,407)

    414

    1,397

    (Increase) decrease in prepaid expenses and other assets

    917

    1,391

    (913)

    439

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

    6,424

    4,395

    (2,438)

    1,203

    Net cash provided by (used in ) operating activities

    $

    3,595

    $

    18,391

    $

    297,049

    $

    57,296

    (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

    Twelve-Month Period

    Ended December 31,

    Ended December 31,

    2017

    2016

    2017

    2016

    Consolidated adjusted EBITDA (1)

    $

    11,199

    $

    20,620

    $

    51,400

    $

    69,243

    Net, cash interest expense (1)

    (2,685)

    (3,549)

    (12,698)

    (14,393)

    Cash paid for income taxes

    (174)

    (59)

    (846)

    (593)

    Capital expenditures (2)

    (2,439)

    (2,093)

    (12,078)

    (9,053)

    Net revenue – FCC spectrum incentive auction

    –

    –

    263,943

    –

    Expenses – FCC spectrum incentive auction

    –

    –

    (2,103)

    –

    Free cash flow (1)

    5,901

    14,919

    287,618

    45,204

    Capital expenditures (2)

    2,439

    2,093

    12,078

    9,053

    Other income (loss)

    262

    –

    262

    –

    (Gain) loss on sale of property

    28

    –

    28

    –

    Changes in assets and liabilities:

    (Increase) decrease in accounts receivable

    (12,376)

    (4,407)

    414

    1,397

    (Increase) decrease in prepaid expenses and other assets

    917

    1,391

    (913)

    439

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

    6,424

    4,395

    (2,438)

    1,203

    Cash Flows From Operating Activities

    $

    3,595

    $

    18,391

    $

    297,049

    $

    57,296

    (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.

    Cision View original content:http://www.prnewswire.com/news-releases/entravision-communications-corporation-reports-fourth-quarter-and-full-year-2017-results-300614204.html

    SOURCE Entravision Communications Corporation

  • Entravision Communications Corporation Schedules Fourth Quarter And Full Year 2017 Earnings Release And Teleconference

    Entravision Communications Corporation Schedules Fourth Quarter And Full Year 2017 Earnings Release And Teleconference

    SANTA MONICA, Calif., March 7, 2018 /PRNewswire/ — Entravision Communications Corporation (NYSE: EVC) announced today that it will release fourth quarter and full year 2017 financial results after market hours on Wednesday, March 14, 2018.

    The company will also host a teleconference to discuss its fourth quarter and full year 2017 financial results on Wednesday, March 14, 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 Wednesday, April 4, 2018 which can be accessed by dialing (877) 344-7529 (U.S.) or (412) 317-0088 (Int’l), passcode 10117614. The webcast will also be archived on the Company’s Web site for 30 days.

    About Entravision Communications Corporation
    Entravision Communications Corporation is a leading global media company that reaches and engages U.S. Latinos across acculturation levels and media channels, as well as consumers in Mexico and other markets in Latin America. 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 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. Learn more at: www.entravision.com

    Cision View original content:http://www.prnewswire.com/news-releases/entravision-communications-corporation-schedules-fourth-quarter-and-full-year-2017-earnings-release-and-teleconference-300609852.html

    SOURCE Entravision Communications Corporation