Entravision to Reduce Workforce, Implement Cost Cutting
|RADIO ONLINE | Wednesday, April 11, 2018 | 2:13pm CT|
Entravision expects to recognize a charge of $750,000 in the second quarter of 2018 for severance costs related to these actions. Additionally, the company anticipates that these actions will result in $8 million in annualized savings beginning in the second quarter of 2018.
The company first disclosed the moves in its fourth quarter and full year 2017 financial results teleconference on March 14.