Entravision Same Station Q4 Net Revenues Up 26%

RADIO ONLINE | , , | :am CT

Entravision Communications reported fourth quarter net revenues soared 225 percent to $55.7 million from $17.1 million in 1999, driven primarily by the acquisitions of Latin Communications, Z-Spanish Media and Infinity assets. The company noted that the Infinity assets accounted for $30.1 million of the increased revenues. Broadcast cash flow jumped 234 percent to $20.4 million from $6.1 million. On a same station basis, Q4 net revenues were up 20 percent to $18.4 million, and broadcast cash flow rose 29 percent to $7.8 million. Entravison reported a net loss of $13 million (13 cents per share) compared to a net loss of $10.3 million (29 cents) in the year-ago period. For the year 2000, net revenues increased 161 percent to $154 million, and broadcast cash flow grew 154 percent to $58.2 million. On a same station basis, net revenues for 2000 increased 26 percent to $67.5 million, and broadcast cash flow rose 32 percent to $27.7 million.