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Posted on: November 30th, 2007
Filed Under:
[
Business ]
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Hispanic News ]
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Media ]
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Press Releases ]
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Blogante Business ]
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Florida ]
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Orlando ]
Tags:
Entravision,
radio,
Spanish-language,
telefutura,
television,
Univision
EntravisionCommunications Corporation (NYSE: EVC), a leading diversified Spanish-languagemedia company, today announced that it has entered into a definitive agreementto acquire Spanish-language radio station WNUE-FM serving the Orlando, Floridamarket from Mega Communications for an aggregate purchase price ofapproximately $24 million. Entravision will begin operating the station onDecember 1, 2007 pursuant to a local marketing agreement between Entravisionand Mega Communications.
Entravision currently owns and operates television station WVEN-TV Channel26, a Univision affiliate and operates television station WOTF-TV Channel 43,a Telefutura affiliate, serving the Orlando, Florida market. With theaddition of radio station WNUE-FM, Orlando will become Entravision’s 11thmarket in which it owns both radio and television assets.
“We are very excited about further strengthening our Orlando cluster andincreasing our leadership position in this fast growing market,” said WalterF. Ulloa, Entravision’s Chairman and Chief Executive Officer. “Given ourexisting media operations in Orlando, we are confident that we can operateWNUE-FM more cost efficiently, while maximizing cross-promotion opportunitiesfor advertisers.”
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