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Entravision Q1 Net Revs Down on Radio Decline

Entravision Communications reported first quarter net revenue declined 1% to $57.5 million from $58.1 million in 2016. Of the overall decrease, $1.2 million was attributable to the company's radio segment which was down 7% to $15.7 million from $16.8 million -- mainly due to a decline in political advertising revenue. Operating income (OI) fell 5% to $8 million from $7.6 million. The company posted a net income rise of 15% to $2.6 million from $2.27 million.

The company also announced that its board of director has approved a quarterly cash dividend to shareholders of $0.03125 per share of Entravision's class A, class B and class U common stock, in an amount of $2.8 million. The quarterly dividend will be payable on June 30, 2017 to shareholders of record as of the close of business on June 15, 2017, and the common stock will trade ex-dividend on June 13.

Changes & Moves
Chuck Powell
Chuck Powell
KJR-AM (Sports Radio 950)/Seattle will debut of the new "Chuck and Buck" in mornings and Jason Puckett in middays, effective March 26. Chuck and Buck will air weekdays from 6-10am More

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Westwood One: Laura Okmin co-hosted Westwood One's Today in PyeongChang, a nightly two-hour live broadcast that airs each day and providing coverage of the XXIII Olympic Winter Games. Pictured is Okmin with alpine skier Lindsey Vonn, who won a bronze medal in the downhill.