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Entravision sees 3% drop in revenue

August 7, 2008 by Veronica Villafañe

Uh-oh… looks like Entravision is feeling the burden of the economic crisis, like many other media companies. The company released financial results for this year’s 2nd quarter, showing a 3% drop in net revenue for its television station group to $38,944,000 from $40,287,000 in the second quarter of 2007.

Entravision CEO Walter Ulloa attributes the decrease to “an advertising market that remains weak due to general economic conditions.” The company also announced it has repurchased 2.3 million shares of Class A common stock for approximately $13.7 million in the 2nd quarter of ’08.

Filed Under: TV & Radio

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here
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