Welcome to our dedicated page for Entravision Communications Cp news (Ticker: EVC), a resource for investors and traders seeking the latest updates and insights on Entravision Communications Cp stock.
Entravision Communications Corporation reports news about its U.S. media operations and global advertising technology services. The company serves Latino audiences through television and radio stations, digital advertising services, and affiliate relationships with the Univision and UniMás networks, while providing programmatic advertising through Smadex and mobile growth solutions through Adwake.
Recurring developments include quarterly segment results, local and national advertising trends, retransmission consent revenue, political advertising, programmatic ad demand, product and technology additions, media partnerships, and leadership updates. Company announcements also cover distribution for bilingual and Spanish-language programming, including television, digital, audio, streaming, and social media channels.
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.
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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.
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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.