Entravision Communications Cp Stock Price, News & Analysis

Entravision Communications Corporation (NYSE: EVC) has announced a majority investment acquisition of Cisneros Interactive, a digital advertising firm. This strategic move enhances Entravision's digital product offerings and positions the combined entities as a significant player in the U.S. Hispanic and Latin American digital advertising markets. Cisneros Interactive, founded in 2010, boasts partnerships with top tech companies and a strong presence in 17 countries. The leadership teams are set to collaborate to optimize service offerings and attract a broader range of premier clients.

Entravision Communications Corporation (NYSE: EVC) launched the Juntas Votamos campaign on September 15, 2020, to empower Latina women to register and vote in the upcoming November 2020 election. Coinciding with Hispanic Heritage Month, the campaign features various initiatives across Entravision’s media platforms, including a Vote Series, public service announcements, and feature profile stories. The campaign aims to educate audiences on important issues while promoting civic engagement, with a strong focus on women's voices and experiences.

Entravision Communications Corporation (NYSE: EVC) participated in Noble Capital Markets' C-Suite Interview Series, focusing on key topics such as digital media strategy changes, the impact of COVID-19 on networks, and political advertising effects for 2020. The interview, recorded on August 18, highlighted the company's positive cash flow despite lower revenues in the second quarter and discussed how illegal immigration policies could affect its Hispanic markets. The recorded interview is currently available on Channelchek.

Entravision Communications Corporation (EVC) and the National Partnership for New Americans (NPNA) have launched the "Vota Conmigo 2020" campaign to engage newly naturalized Hispanic voters for the upcoming November 3, 2020, election. This initiative aims to reach hundreds of thousands through public service announcements and resources to facilitate voter registration. The campaign highlights that nearly 40% of the 5.3 million naturalized citizens since 2014 are Hispanic, representing a significant voting bloc. The campaign will also feature a phone bank event on National Voter Registration Day.

Entravision Communications Corporation (NYSE: EVC) has launched a new local morning radio program, the Shoboy Show, hosted by Edgar 'Shoboy' Sotelo. The show airs Monday to Friday, 8 AM - 11:59 AM CT on Entravision's Fuego stations across McAllen, Sacramento, and Stockton-Modesto. Aimed at young adults, the program mixes entertainment with relatable conversations. Entravision has also secured a national sales agreement for the show, suggesting potential for increased revenue. Edgar Sotelo, a seasoned broadcaster, aims to connect with the Latino community through this new platform.

Entravision Communications Corporation (NYSE: EVC) reported second-quarter 2020 financial results, showing a 35% decrease in net revenue to $45.1 million compared to the previous year. Digital segment revenues dropped by 32%, while radio revenues fell by 53%. Operating expenses decreased by 24% to $33.0 million, leading to adjusted EBITDA of $1.7 million, down 86%. Despite challenges from the COVID-19 pandemic, the company announced a quarterly cash dividend of $0.025 per share, totaling $2.1 million.

Entravision Communications Corporation (NYSE: EVC) will host a teleconference on August 4, 2020, at 5:00 p.m. Eastern Time to discuss its Q2 2020 financial results. Investors can join the call by dialing 412-317-5440 or via the live webcast on the company's website. A replay will be available until August 25, 2020, by calling (877) 344-7529 in the U.S. Entravision is a leading global media and marketing technology company with an extensive portfolio of television and radio stations, primarily serving the U.S., Mexico, and Latin America.