Entravision reported second-quarter revenue of $57 million,
up 5% from the same quarter in 2012.
Television group revenues were $39.6 million, up 6% in the
quarter, while radio revenue was $17.4 million, up 2% for the second quarter.
The Spanish-language broadcaster's revenue increased $2.5
million in the quarter -- $2.2 million from television and $.3 million from
radio. The television group showed increases in local and national advertising
revenue, along with retransmission consent revenue. That helped offset a
decrease in political advertising revenue.
"During the second quarter, we achieved
revenue growth driven by increases in both our television and radio
segments," said Walter Ulloa, chairman and CEO. "Core revenue
(excluding retransmission consent and political advertising revenue) from our
television and radio segments outperformed their respective industry averages,
and we improved our free cash flow over the second quarter of 2012. Our
audience shares remain strong in the nation's most densely populated Hispanic
markets, and we believe we are well positioned to benefit as the U.S. Hispanic
market continues to expand and advertisers increasingly recognize the
importance of reaching our target audience."
Broadcasting & Cable Newsletter
The smarter way to stay on top of broadcasting and cable industry. Sign up below.
Michael Malone, senior content producer at B+C/Multichannel News, covers network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television. He hosts the podcasts Busted Pilot, about what’s new in television, and Series Business, a chat with the creator of a new program, and writes the column “The Watchman.” He joined B+C in 2005. His journalism has also appeared in The New York Times, The Philadelphia Inquirer, Playboy and New York magazine.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.