Entravision Communications Corporation announced today that the Company’s Board of Directors has approved the repurchase of $10 million of the Company’s common stock. Under the 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.
“We continue to look for opportunities to return value to our shareholders and are pleased to announce this additional repurchase program,” said Walter F. Ulloa, Chairman and Chief Executive Officer. “With strong cash flows and a healthy balance sheet, we are well positioned to execute on our strategic plan and drive long-term value creation.”
Entravision Communications Corporation is a diversified Spanish-language media company with an integrated platform of solutions and services that includes television, radio, digital media and data analytics to reach Latino audiences across the United States and Latin America. Entravision has 58 primary television stations, including in 20 of the nation’s top 50 Latino markets. Entravision also operates one of the nation’s largest groups of primarily Spanish-language radio stations, consisting of 49 owned and operated radio stations, and Entravision Solutions, a national sales representation and marketing organization specializing in Spanish-language media platforms and radio networks.
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