Home Login RADIO ONLINE RSS Facebook
Advertisement

Entravision Q2 Net Revenues Up 5%, Declares Dividend


Entravision
Entravision

Entravision Communications reported second quarter net revenue gained 5% to $74.3 million as compared to $70.5 million in 2017. Of the overall increase, about $5 million was attributable to its digital segment. Radio revenues were flat at $17.2 million. Operating income grew 6% to $9.8 million from $9.25 million. The company posted a net earnings gain of 37% to $4.87 million from 43.5 million in the year-ago period.

Chairman/CEO Walter F. Ulloa said, "During the second quarter, we achieved revenue growth driven by increases in our digital media segment. This growth in our digital media segment offsets a decrease in our television segment, while our radio segment was flat. We also improved our free cash flow and net income over last year's second quarter. Additionally, we continued to build our digital footprint through our acquisition of Smadex, a digital advertising technology company, while implementing steps to more efficiently align operations and reduce costs."

The company also announced that its board of directors has approved a quarterly cash dividend to shareholders of $0.05 per share of its Class A, Class B and Class U common stock, in an amount of approximately $4.5 million. The quarterly dividend will be payable on September 28, 2018 to shareholders of record as of the close of business on September 14, 2018, and the common stock will trade ex-dividend on September 13.

Advertisement

Latest Radio Stories

Ross MacLeod Named OM for Alpha Media in Portland OR
Ross MacLeod
Ross MacLeod
Alpha Media Portland names Ross MacLeod as its new Operations Manager. In addition to his leadership duties, MacLeod will also serve as Content Director for News/Talk KXL-FM and Sports outlet KXTG-AM. MacLeod joins the company with a strong programming background, most recently serving as Program Director More

Melissa Chase Departs Audacy Houston Amid Restructuring
Melissa Chase
Melissa Chase
Melissa Chase, Vice President of Programming for Audacy Houston, has exited the company as part of a round of staffing reductions within the cluster. Chase's departure comes alongside the exit of Jay Michaels, who served as Assistant Brand Manager for KHMX (Mix 96.5) and KKHH (95.7 The Spot). Audacy has not More

NYPR Appoints John Rose as Board Chair, Adds Trustees
New York Public Radio (NYPR)
New York Public Radio (NYPR)
New York Public Radio (NYPR) has announced a series of leadership changes, including the appointment of longtime trustee John Rose as Chair of the Board of Trustees, along with the addition of three new board members and two newly named Vice Chairs. John Rose, a Senior Advisor at More
Advertisement

Kannon Launches New Weekday Program ''The Kannon Show''
Kannon
Kannon
Kannon and Kannon Worldwide LLC have announced the debut of "The Kannon Show," a new weekday radio program built for CHR and Hot AC outlets seeking high-energy, personality-driven content and flexibility in programming. Airing weekdays, the show is hosted by Kannon, a veteran radio personality known for his More

Spatz & Casey Exit Mornings at WONE-FM in Akron
Matt Spatz and Amanda Casey
Matt Spatz and Amanda Casey
Rubber City Radio's Classic Rock 97.5 WONE-FM in Akron, OH, has parted ways with morning hosts Matt Spatz and Amanda Casey. The duo had been co-hosting the station's morning show since January 2021, following the retirement of longtime local radio veteran Jeff Kinzbach. Later that year, Spatz was promoted to More

Salem Media Group Launches ''The Scott Jennings Show''
Scott Jennings
Scott Jennings
Salem Media Group has announced the debut of "The Scott Jennings Show," a new weekday program joining the Salem Radio Network (SRN) lineup beginning Monday, July 14. The one-hour show will air from 2-3pm ET and will also be available on-demand via the Salem Podcast Network (SPN). Jennings, a conservative More

Return to Menu

Advertisement

Subscribe to our Newsletter
Radio news and headlines delivered right to your e-mail box -- and it's free.

Advertisement

Advertisement