Entravision Doubles Buyback Authorization
November 25, 2014 at 4:37 AM (PT)
ENTRAVISION COMMUNICATIONS CORPORATION's Board of Directors has approved the extension of its share repurchase program announced in AUGUST, adding an additional $10 million authorization to the buyback program. The addition brings the total maximum repurchase authorization to $20 million. So far, the company has bought back 2 million shares of Class A common stock for an aggregate of about $9.1 million.
Chairman/CEO WALTER ULLOA said, "We are pleased to announce the extension of our repurchase program, which brings the total authorization under this program to $20 million. We are committed to returning value to our shareholders through our dividend and repurchase programs and remain well positioned to execute on our strategic plan and drive long-term value creation."