-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LQ2RE+N5ZEJ5ZnQKI5WZc0AKk9lW0ZVljlsSyCoN4na6C3w2ivC0itEyWH8EX3BQ RswhXsZqdRfHpA4OEUiAHw== 0000944209-01-000224.txt : 20010307 0000944209-01-000224.hdr.sgml : 20010307 ACCESSION NUMBER: 0000944209-01-000224 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20010227 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ENTRAVISION COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001109116 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 954783236 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-15997 FILM NUMBER: 1557895 BUSINESS ADDRESS: STREET 1: 2425 OLYMPIC BLVD STREET 2: STE 6000 WEST CITY: SANTA MONICA STATE: CA ZIP: 90404 BUSINESS PHONE: 3104473870 MAIL ADDRESS: STREET 1: 2425 OLYMPIC BLVD STREET 2: STE 6000 WEST CITY: SANTA MONICA STATE: CA ZIP: 90404 8-K 1 0001.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): February 27, 2001 ENTRAVISION COMMUNICATIONS CORPORATION -------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-15997 95-4783236 ----------------------------------------------------------- (State or other (Commission File (IRS Employer jurisdiction of Number) Identification No.) incorporation) 2425 OLYMPIC BOULEVARD, SUITE 6000 WEST, SANTA MONICA, CA 90404 --------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (310) 447-3870 N/A --- (Former name or former address, if changed since last report.) ITEM 5. OTHER EVENTS Attached hereto as Exhibit 99.1 is an unaudited summary of Pro Forma Operating Results of Entravision Communications Corporation ("Entravision") for the quarters ended March 31, June 30, September 30 and December 31, 2000, and the years ended December 31, 2000 and 1999. The summary represents pro forma segment information, which includes all acquisitions consummated in 2000 as if owned by Entravision from January 1, 1999. Attached hereto as Exhibit 99.2 is an unaudited summary of Pro Forma Operating Results of Entravision for the quarters ended March 31, June 30, September 30 and December 31, 2000 and the year ended December 31, 2000, which have been adjusted for the disposition of certain assets, the closing of the operations of VEA New York, a subsidiary of Entravision, and non-recurring income for purposes of providing operating results for 2000 that will be comparable to 2001 operating results. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial statements of businesses acquired. None. (b) Pro forma financial information. None. (c) Exhibits. 99.1 Pro Forma Results - Reportable Figures 99.2 Pro Forma Results - As Adjusted - Comparable to 2001 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENTRAVISION COMMUNICATIONS CORPORATION By: /s/ Jeanette Tully ----------------------------------- Jeanette Tully Chief Financial Officer DATE: February 27, 2001 EXHIBIT INDEX EXHIBIT NO. EXHIBIT 99.1 Pro Forma Results - Reportable Figures 99.2 Pro Forma Results - As Adjusted - Comparable to 2001 EX-99.1 2 0002.txt PRO FORMA RESULTS - REPORTABLE FIGURES EXHIBIT 99.1 Entravision Communications Corporation Proforma Results - Reportable Figures 2000 Quarters (unaudited, dollars in 000's) The following information represents the pro forma segment information, which includes all 2000 acquisitions as if we had owned them from January 1, 1999.
Net Revenue Total Total % 1Q 2Q 3Q 4Q 2000 1999 Chg -- -- -- -- ---- ---- --- TV 17,277 23,861 22,147 23,098 86,383 65,977 31% Radio 14,325 19,645 19,248 17,799 71,017 57,114 24% Outdoor 8,006 12,387 11,446 9,957 41,796 38,424 9% Print 4,747 5,592 5,308 5,652 21,299 19,511 9% ------------------------------------------------------------- ------------- Reportable Total - 2000 44,355 61,485 58,149 56,506 220,495 181,026 22% Operating Expense (1) 1Q 2Q 3Q 4Q TOTAL -- -- -- -- ----- TV 11,416 13,624 12,953 14,504 52,497 41,119 28% Radio 9,824 10,772 11,295 10,598 42,489 36,090 18% Outdoor 5,359 7,164 6,527 5,711 24,761 23,847 4% Print 4,265 4,675 4,609 4,880 18,429 17,317 6% ------------------------------------------------------------- ------------- Reportable Total - 2000 30,864 36,235 35,384 35,693 138,176 118,373 17% BROADCAST CASH FLOW (2) 1Q 2Q 3Q 4Q TOTAL -- -- -- -- ----- TV 5,861 10,237 9,194 8,594 33,886 24,858 36% Radio 4,501 8,873 7,953 7,201 28,528 21,024 36% Outdoor 2,647 5,223 4,919 4,246 17,035 14,577 17% Print 482 917 699 772 2,870 2,194 31% ------------------------------------------------------------- ------------- Reportable total - 2000 13,491 25,250 22,765 20,813 82,319 62,653 31% EBITDA (3) 1Q 2Q 3Q 4Q TOTAL -- -- -- -- ----- Total Corporate Exp 4,045 4,252 5,333 5,269 18,899 14,361 32% ------------------------------------------------------------- ------------- Reportable EBITDA - 2000 9,446 20,998 17,432 15,544 63,420 48,292 31%
(1) Operating expense includes direct operating, selling, general and administrative expenses. It does not include depreciation, amortization and non-cash stock-based compensation. (2) Broadcast cash flow is defined as net revenues less station operating expenses. (3) EBITDA is defined as broacast cash flow less corporate expenses. EX-99.2 3 0003.txt PRO FORMA RESULTS - AS ADJUSTED Exhibit 99.2 Entravision Communications Corporation Proforma Results - Comparable to 2001 2000 Quarters (unaudited, dollars in 000's) The following information contains quarterly segment information adjusted for disposition of assets, closing of VEA and non-recurring income explained in the chart. These adjustments are recorded to provide results for 2000, which will be comparable to the operating results of 2001.
Net Revenue Total 1Q 2Q 3Q 4Q 2000 -- -- -- -- ---- Reportable Total - 2000 44,355 61,485 58,149 56,506 220,495 Adjustments: - ----------- Non recurring network compensation - TV (818) (2,103) (724) (3,645) WUNI paid programming - TV (376) (320) (311) (190) (1,197) WACA-AM LMA disposition - Radio (98) (97) (98) (97) (390) Closing of print segment VEA - Print (139) (153) (237) (256) (785) Television 16,083 21,438 21,112 22,908 81,541 Radio 14,227 19,548 19,150 17,702 70,627 Outdoor 8,006 12,387 11,446 9,957 41,796 Print 4,608 5,439 5,071 5,396 20,514 ---------------------------------------------------------------------------------- Total Net Revenue 42,924 58,812 56,779 55,963 214,478 ================================================================================== Operating Expense (1) 1Q 2Q 3Q 4Q TOTAL -- -- -- -- ----- Reportable Total - 2000 30,864 36,235 35,384 35,693 138,176 Adjustment: - ---------- Closing of print segment VEA - Print (202) (189) (250) (247) (888) Television 11,416 13,624 12,953 14,504 52,497 Radio 9,824 10,772 11,295 10,598 42,489 Outdoor 5,359 7,164 6,527 5,711 24,761 Print 4,063 4,486 4,359 4,633 17,541 ---------------------------------------------------------------------------------- Total Operating Expense 30,662 36,046 35,134 35,446 137,288 ================================================================================== BROADCAST CASH FLOW (2) 1Q 2Q 3Q 4Q TOTAL -- -- -- -- ----- Reportable total - 2000 13,491 25,250 22,765 20,813 82,319 Adjustments: - ----------- Non recurring network compensation - TV (818) (2,103) (724) - (3,645) WUNI paid programming - TV (376) (320) (311) (190) (1,197) WACA-AM LMA disposition - Radio (98) (97) (98) (97) (390) Closing of print segment VEA - Print 63 36 13 (9) 103 ---------------------------------------------------------------------------------- Television 4,667 7,814 8,159 8,404 29,044 Radio 4,403 8,776 7,855 7,104 28,138 Outdoor 2,647 5,223 4,919 4,246 17,035 Print 545 953 712 763 2,973 ---------------------------------------------------------------------------------- Total BROADCAST CASH FLOW 12,262 22,766 21,645 20,517 77,190 ================================================================================== EBITDA (3) 1Q 2Q 3Q 4Q TOTAL -- -- -- -- ----- Reportable EBITDA - 2000 9,446 20,998 17,432 15,544 63,420 Adjustments: - ----------- Non recurring network compensation - TV (818) (2,103) (724) - (3,645) WUNI paid programming - TV (376) (320) (311) (190) (1,197) WACA-AM LMA disposition - Radio (98) (97) (98) (97) (390) Closing of print segment VEA - Print 63 36 13 (9) 103 ---------------------------------------------------------------------------------- Revised EBITDA 8,217 18,514 16,312 15,248 58,291 ==================================================================================
(1) Operating expense includes direct operating, selling, general and administrative expenses. It does not include depreciation, amortization and non-cash stock-based compensation. (2) Broadcast cash flow is defined as net revenues less station operating expenses. (3) EBITDA is defined as broacast cash flow less corporate expenses. -----END PRIVACY-ENHANCED MESSAGE-----