Entravision hurt by tough TV comps

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TV lagged due to tough comps in Q2 at Entravision, while radio was up, so companywide revenues were down 4% to 76 million. "We continue to execute on our business plan and capitalize on the growth of the Hispanic media market. In the second quarter of 2007 we faced difficult World Cup and political comparisons from the prior year period, but we continued to drive both audience and advertising shares,” said CEO Walter Ulloa. Pro forma radio revenues, adjusted for the sale of stations in Tucson and Dallas, were up 9% to 26.2 million. TV revenues declined 7% to 40.3 million and outdoor revenues were off 2% to 9.5 million. So, pro forma revenues were down 1%. But expenses rose 5%, so consolidated adjusted EBITDA declined 10% to 27 million.


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