Entravision Announces Additional $100 M Share Repurchase Program
April 7, 2008 at 8:04 AM (PT)
ENTRAVISION COMMUNICATIONS CORPORATION announced today that the Company's Board of Directors has approved the repurchase of $100 million of the Company's common stock, in addition to the repurchase of $100 million of common stock that was previously authorized on NOVEMBER 1, 2006. As of MARCH 31, 2008, the Company had purchased approximately $93.3 million of common stock under its previously-authorized $100 million share repurchase program.
"This new repurchase program underscores the financial strength of ENTRAVISION and our commitment to returning value to our shareholders," said Chairman/CEO WALTER F. ULLOA. "Our strong cash flows have enabled us to fund this significant capital program, which we believe is a prudent avenue to deploy our cash."