Media News: Entravision, Gannett, Ford, Netflix
News items from here and there in the media universe include Entravision’s prepayment of some debt, a non-broadcast asset sale from Gannett, kudos for the Ford F-150 and plans to discuss finances from Netflix.
* Entravision will only have $340M to go on a 5/31/13 term loan after it puts $20M in cash on hand toward paying it off early. CEO Walter Ulloa credited a “solid balance sheet and sound financial performance” with making the move possible.
* Gannett is slimming down by selling off an online training/education operation. Gannett Healthcare Group is going to OnCourse Learning for an undisclosed price.
* The Ford F-150 was a triple winner in AutoTrader’s year-end assessment of 2014 vehicle sales – it took the #1 rank for new vehicle sales, certified previously owned vehicle sales and used vehicle sales. The Chevy Silverado 1500 was 2nd, 2nd and 3rd.
* Netflix will go before investors and analysts 1/20/15 to discuss its Q4 2014 financial results. A conference call will be held at 5PM Eastern/2PM Pacific.