With its shares at their lowest value since September 2014, longtime Entravision Communications investors may be weary. On December 4, 2017, Entravision stock was valued at $7.75. With minutes left in Friday’s trading on Wall Street, EVC is off 1.7%, to $4.30.
The dip is the result of what Chairman/CEO Walter Ulloa admits was “a difficult quarter,” as Q1 digital revenues were higher than those for Entravision’s radio stations. TV industry net revenue, still the No. 1 driver for the company, also slumped.
Now comes word that the company’s independent registered public accounting firm has been dismissed.