Spanish-language media company Entravision Communications, which owns TV, radio and outdoor properties wants to sell its outdoor advertising division.
The company announced it’s exploring “strategic alternatives” for its outdoor advertising operations, which operate under the name Vista Media.
CEO Walter Ulloa said Entravision is taking this course of action after “thorough review” of the company’s operations, seeking to benefit shareholders. He promises to “continue to build and invest in our TV and radio assets with the goal of further strengthening our position in the nation’s highest density Hispanic markets.”
Entravision owns the largest group of TV stations affiliated to Univision and TeleFutura, operating in 20 of the top 50 U.S. Hispanic markets.