Entravision Q1 Revenue Up 3%
While Radio Revenue Remains Flat
April 29, 2010 at 2:05 PM (PT)
ENTRAVISION COMMUNICATIONS enjoyed a 3% bump in net revenues in the first quarter of 2010, growing from $41.7 million in the first three months of 2009 to $43.1 million for the same period in '10. The increase came from its TV division, primarily due to an increase in retransmission consent revenue.
The company's net revenue in its radio segment was virtually identical with 2009's Q1, totaling $13.4 million for each of the three-month period.
"During the first quarter we saw signs of a stabilizing advertising environment in many of our television and radio markets," Chairman/CEO WALTER F. ULLOA said. "Our audience shares remain strong in the nation's most densely populated Hispanic markets, and we believe that our U.S. Hispanic audience will continue to grow. Additionally, we anticipate that retransmission consent revenue will continue to be a growing source of revenue, along with advertising revenue from the WORLD CUP, the census and political activity during 2010."