Entravision Q1 Revenues Slide, Income Up; Karl Alonso Meyer Returns As Chief Revenue And Product Officer

Q1 Results

ENTRAVISION COMMUNICATIONS CORP. firs- quarter 2019 net revenue fell 3% year-to-year to $64.68 million, blamed on decreases in the radio and digital segments and a shift to programmatic, offsetting a gain on the television side, but net income rose from a loss of $1.808 million to a gain of $1.424 million (-2 to 2 cents/basic and diluted share). Radio revenue slipped 15% to $11.955 million and digital fell 21% to $14.472 million, while television saw an 11% increase to $38.253 million.

Chairman/CEO WALTER F. ULLOA said, "Our first-quarter results were impacted by declines in our radio and digital segments compared to the prior year. However, we did achieve growth in our television segment over the first quarter of 2018. We continue to maintain a solid balance sheet and return capital to our shareholders through our share repurchase program and dividend. Looking ahead, we remain well positioned to build on our success in further attracting Latino and other audiences worldwide, as we execute our multiplatform strategy to the benefit of our shareholders."

Meyer Returns

The company also announced that KARL ALONSO MEYER is returning to ENTRAVISION as Chief Revenue and Product Officer. MAYER, most recently VP/DOS and Regional VP/National Sales at UNIVISION in LOS ANGELES, was with ENTRAVISION in 2004-14, serving as VP/GM of the LOS ANGELES cluster and then EVP/Integrated Marketing Solutions, Western Region.

ULLOA said, "We are delighted to welcome KARL back to ENTRAVISION. With his vast experience, strong leadership skills and extensive knowledge of the company, he is the ideal candidate to drive our sales and revenue initiatives."

MEYER added, "ENTRAVISION is like a second home to me, so having the chance to rejoin the company in this critical role is an exciting opportunity. I couldn't be more thrilled to be back and working again with the talented ENTRAVISION team. The media landscape is constantly changing and I look forward to bringing a unique perspective that will help the business to continue its success."

« see more Net News