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Entravision Buys Back Shares From Univision
February 27, 2006 at 12:21 PM (PT)
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UNIVISION is selling 7 million shares of ENTRAVISION Class U common stock back to ENTRAVISION for $51.1 million ($7.30/share). The buyback is scheduled to close on MARCH 2 and, with the recent sale of ENTRAVISION's SAN FRANCISCO-SAN JOSE stations to UNIVISION, brings UNIVISION below the 15% ownership threshold mandated by its agreement with the JUSTICE DEPARTMENT when it acquired HISPANIC BROADCASTING CORP. in 2003.

