Entravision 2Q Television Revenue Up 2%

On Thursday, Entravision Communications Corp. reported second quarter television segment revenue of $39,590,000, a 2% increase from $37,399,000 in the same period a year earlier.

Net revenue for the company as a whole increased 5% to $56,950,000, while net income rose 146% to $5,073,000. The company said that Of the overall net revenue increase, $2.2 million came from the television segment and was primarily attributable to increases in local and national advertising revenue, and retransmission consent revenue, partially offset by a decrease in political advertising revenue, which was not material in 2013.

Additionally, $300,000 of the overall increase came from the radio segment and was primarily attributable to an increase in local and national advertising revenue, partially offset by a decrease in political advertising.

Commenting on the company’s earnings results, Walter F. Ulloa, chairman-CEO, said: “During the second quarter, we achieved revenue growth driven by increases in both our television and radio segments. Core revenue (excluding retransmission consent revenue and political advertising revenue) from our television and radio segments outperformed their respective industry averages, and we improved our free cash flow over the second quarter of 2012.

“Our audience shares remain strong in the nation’s most densely populated Hispanic markets, and we believe we are well positioned to benefit as the U.S. Hispanic market continues to expand and advertisers increasingly recognize the importance of reaching our target audience.”