Spanish-language broadcaster Entravision Communications reported a fourth-quarter net loss of $48 million compared with a net profit of $21 million for the same period a year earlier, on revenues that slipped 3% to $62.5 million.
For the full year, the company’s net loss improved to $44 million versus $134.6 million during the prior year. Full-year revenues fell 2% to $250 million.
During 2007, Entravision repurchased 7.2 million shares at a cost of $60.7 million. The company also announced that it will sell its outdoor-advertising division for $100 million.
Among its holdings, Entravision owns television stations in 20 of the top 50 Hispanic markets. It is the largest affiliate group of both Univision and Univision’s TeleFutura network.
More about broadcasting and cable
Latest
