Even the Hispanic media sector has not been spared from the soft ad market. Entravision reported that Q4 revenues were down 2% to 62.5 million, with declines in both radio and TV. Consolidated EBITDA was down 10% to 23 million. Pro forma television revenues were off 2% to 39.4 million and radio revenues declined 1% to 23.1 million.
“During the fourth quarter we continued to execute our strategy and build our audience shares in a challenging environment. We faced difficult comps due to the absence of events that occurred in the prior year period, as well as continued softness in the advertising market,” said CEO Walter Ulloa. The company announced that it is selling its Outdoor division for 100 million. Ulloa says that cash will be put to work on such things as strategic acquisitions and potentially returning capital to shareholders.