Citing ‘weak economic environment,’ Spanish-language broadcaster ...
Citing “weak economic environment,” Spanish-language broadcaster Entravision revised financial expectations for first quarter and full year 2001. Company said it now expected revenues of $43 million in quarter ending March 31, with cash flow of $10.7 million. For full…
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year, Entravison said it anticipated $219-$225 in revenue, with cash flow of $48-$51 million. Revised estimate “reflects the impact of continued weakness in advertising expenditures… concurrent with the slowdown in the economy,” Entravision CEO Walter Ulloa said.