That’s not a headline you’ve seen often, since Entravision has been on a strong growth curve for most of its history. But Q3 revenues were down 5% to 74.3 million and EBITDA declined 6% to 26.9 million. "During the third quarter we continued to execute our strategy and build our audience shares in a challenging environment. We faced difficult comparisons due to the absence of certain major events, such as World Cup and political activity, that occurred in the prior year period, as well as some softness in the advertising market, but we benefited from our focus on cost controls. Looking ahead, we remain well positioned to capitalize on the continued growth of the Hispanic population," said CEO Walter Ulloa.
For the quarter, radio revenues were down 12% to 24.2 million, TV revenues were off 2% to 39.9 million and outdoor revenues grew 2% to 10.2 million. For Q4 the company expects net revenues to be flat to down in the low single digits.