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Company News

Entravision Q3 Revs Down 17%, Loss Swings to Profit Spanish-language broadcaster Entravision Communications reported a 17% decrease in net revenues for the third quarter to $50.8 million from $61 million in 2008. The company's radio segment fell 20% to $18.7 million from $23.5 million. Operating expenses declined to $30.6 million from $37 million, mainly due to a More

Woodie Named President of Lotus Entravision Reps Entravision and Lotus Communications have announced that Phillip R. Woodie has been appointed President of Lotus Entravision Reps (LER), a joint venture radio-sales rep firm representing about 125 Spanish language radio stations. In this role, Woodie will be responsible for managing the firm's operations. More

Arbitron Honors Excellence in Multicultural Radio Arbitron congratulates Comcast and Grupo Gallegos, the radio grand prize winner, honored at the Multicultural Excellence Awards held at the 11th Annual ANA Multicultural and Diversity Conference in Phoenix. Arbitron said it worked closely with the ANA to introduce a new category in 2009 highlighting exceptional work More

Entravision Shares Back in Compliance with NYSE The New York Stock Exchange has notified Spanish-language broadcaster Entravision Communications that the company is back in compliance with its minimum share price requirements for its class A common stock. The company's shares are now trading over one dollar and the average share price for the last 30-day trading period ended More

Lotus Entravision Reps Adds ESPN Deportes/Dallas Lotus Entravision Reps (LER) adds KZMP-AM, ESPN Radio's Dallas "ESPN Deportes" affiliate, effective immediately. KZMP is the second station operated by ESPN Radio/Disney in Dallas joining general market ESPN Radio affiliate, KESN-FM at 103.3. Currently, KZMP carries Mexican League Soccer and Chivas Soccer play-by-play. In More

Entravision Q2 Revs Down 23%, Radio Drops 29% Entravision posted a 23% drop in net revenue for the second quarter to $48.6 million from $62.9 million a year earlier. Operating income (OI) tumbled 51% to $7.7 million from $15.9 million. The company's radio unit saw revenues fall 29% to $16.9 million from $23.9 million. Net earnings fell to $1.82 million (2 cents per share) More

Univision Won't Renew PPM Contracts with Arbitron Spanish-language broadcaster Univision Radio will not renew contracts for Arbitron's Portable People Meter ratings in San Diego, Miami and Phoenix, the ratings firm disclosed in a second-quarter earnings conference call on Tuesday. Also, Univision has refused to encode its signals for PPM in the three markets. Univision More

Broadcasters Support Federal Assistance Proposal Several minority-owned broadcasters have written a letter to Treasury Secretary Timothy Geithner asking him to support a proposal made by House Majority Whip Jim Clyburn to "ensure minority-owned broadcasters are afforded similar consideration for federal assistance and investment given to the financial services and the More

FCC Fines Cox, CMP and Entravision Over EEO Rules The FCC has issued a Notice of Apparent Liability for Forfeiture (NAL) to Cox Radio's Miami group for $9000 for failing to comply with the Commission's Equal Employment Opportunity (EEO) recruitment and self-assessment requirements. Also receiving NAL's for poor EEO recruitment were Cumulus Media Partners/Houston for $3000 and More

Entravision Q1 Revenues Down 25%, Loss Widens Entravision posted a 25% drop in net revenue to $41.7 million from $55.6 million in 2008. The Spanish-language broadcaster's radio segment fell a whopping 31% to $13.4 million from $19.5 million. The company reported a net loss of $14.4 million (17 cents per diluted share) as compared to a net loss of $7 million (7 cents) in More

Spanish Radio Leaders to Oppose Airplay Royalty Univision-syndicated morning host Eddie "Piolin" Sotelo will moderate a panel discussion hosted by The Free Radio Alliance Tuesday in Washington, DC, on the negative impact royalties for local airplay would have on radio. Among the topics set to be discussed are the potential for job losses if a "performance tax" is levied on More

Cumulus Employees Must Take 5-Day Unpaid Leave During a company-wide conference call on Wednesday, Cumulus Broadcasting and Cumulus Media Partners notified its employees, that all staffers, including management, will be required to take a five-day unpaid leave between May 1 and June 30. The move follows an industry-wide effort to reduce costs in a troubled economy. More

Entravision, Journal Institute Salary Cuts Company Wide In a filing with the SEC, Entravision said that since March 27 it has reduced the annual base salaries of all employees on a sliding scale, based on their current pay levels. Chairman/CEO Walter Ulloa and President/COO Philip Wilkinson will receive a 15% reduction in salary, while Executive VP/COO Christopher Young and More

Entravision Q4 Net Revenue Down 16%, Loss Widens Entravision reported fourth quarter net revenue fell 16% to $52.7 million from $62.1 million in 2007. Net revenues from the Spanish-language broadcaster's radio unit declined 15% to $19.3 million from $23.1 million. The company posted a net loss of $134.1 million ($1.58 per share) on an impairment charge compared to a net loss More

CC/Phoenix Hires Tom Duran as KYOT & KOY GSM Clear Channel/Phoenix hires 28-year radio vet Tom Duran as General Sales Manager for Smooth Jazz KYOT-FM and Adult Standards KOY-AM. Duran most recently was with crosstown Entravision, where he spent eight years as the General Manager for its 3-station cluster. The move marks a return to Clear Channel for Duran, who previously More

Report: FCC Launches Payola Probe at Texas Stations The FCC has launched an investigation into payola allegations at Spanish-language radio outlets in the Brownsville, TX, area, reports the McAllen Monitor. According to the newspaper, the Commission recently sent out letters of inquiry questioning whether air personalities had accepted cash or other gifts in exchange for More

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