Its television stations segment tallies net revenue of $28.3 million, down from $36.1 million in the previous year’s first quarter.
Entravision Communications Corp. today reported financial results for the three-month period ended March 31. Net revenue for its television segment fell 22%, to $28.3 million, from $36.1 million in the first quarter of 2008.
Commenting on the company’s earnings results, Walter F. Ulloa, chairman-CEO, said: “Our results in the quarter reflect the continuing recession and the challenging environment for businesses, such as ours, that are dependent upon advertising revenue. We are continuing to aggressively manage our costs to maximize our cash flows. Our television and radio operations continue to deliver solid ratings in the nation’s most densely-populated Hispanic markets. We believe we are well positioned to benefit when the economy recovers, given the strength of our brands and our ability to deliver consistently strong audience shares to our advertisers.”