-----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, KtqUWDAXPDiErYMsIYZ9xbN6DT3TDSIv8bRpeaO/aF+9P34ZkjfdrxUCT9A2pk0Z u7A0Ug9OkVdSxhVvA/y//g== 0001193125-03-017910.txt : 20030709 0001193125-03-017910.hdr.sgml : 20030709 20030709151613 ACCESSION NUMBER: 0001193125-03-017910 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030708 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030709 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: 1934 Act SEC FILE NUMBER: 001-15997 FILM NUMBER: 03780061 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 d8k.htm FORM 8-K Form 8-K

 

 

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): July 8, 2003

 

 

ENTRAVISION COMMUNICATIONS CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware


 

0-23125


 

95-4783236


(State or other jurisdiction of

incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

 

 

2425 Olympic Boulevard, Suite 6000 West, Santa Monica, CA 90404


(Address of principal executive offices)

 

 

 

Registrant’s telephone number, including area code: (310) 447-3870

 



Item 7.    Financial Statements, Pro Forma Financial Information and Exhibits.

 

(c)    Exhibits.    The following exhibit is filed herewith:

 

Exhibit
Number


  

Document


99

   Transcript of interview of Walter F. Ulloa by Bloomberg Television, broadcast on July 8, 2003.

 

Item 9.    Regulation FD Disclosure.

 

The information contained in this Item 9 of this Current Report on Form 8-K is being furnished pursuant to “Item 12. Results of Operations and Financial Condition” in accordance with SEC Release Nos. 33-8216 and 34-47583.

 

On July 8, 2003, Bloomberg Television broadcast an interview with Walter F. Ulloa, Chairman and Chief Executive Officer of Entravision Communications Corporation (the “Company”), in which Mr. Ulloa commented on the Company’s financial results for the three-month period ended June 30, 2003. Those comments included stating that the Company currently expects to be at the high end of, and maybe even above, previously stated revenue growth guidance of seven to ten percent in the Company’s television division and twelve to fourteen percent in the Company’s radio division. Attached hereto as Exhibit 99 is a copy of the transcript from that interview.

 

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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

Date:    July 9, 2003   By:      

/s/    WALTER F. ULLOA


        Walter F. Ulloa
        Chairman and Chief Executive Officer

 

 

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EX-99 3 dex99.htm TRANSCRIPT OF INTERVIEW OF WALTER F. ULLOA BY BLOOMBERG TELEVISION, JULY 8, 2003 Transcript of interview of Walter F. Ulloa by Bloomberg Television, July 8, 2003

Exhibit 99

 

INTERVIEW TRANSCRIPT

 

MEDIA:    Bloomberg Television
DATE:    07/08/03
TIME:    07:40 AM
SHOW:    Morning Call
SUBJECT:    Interview with Walter Ulloa of Entravision

 

Brian Sullivan, Anchor:

 

Well, you picked a great time to join us—I will get that right—because it’s time to continue our series that we call “Second Quarter Stars.” We use the Bloomberg terminal to find companies whose stock has outpaced the broader market for the second quarter, and Entravision Communications is one of them. The stock rose a hundred and ten percent in the second quarter alone.

 

Who are they? Well, they’re the largest affiliate of Spanish language network broadcaster Univision, and it operates about twenty stations across the U.S. Earlier, I spoke to Walter Ulloa, chairman and CEO of Entravision Communication, about ways they are controlling their costs.

 

[Begin videotape]

 

Walter Ulloa, Chairman and CEO, Entravision:

 

I think we’ve done an excellent job of managing our costs. Our cost growth has been driven by a number of stations, both television and radio, that we launched in ‘02. We have indicated to our investors and to the analyst community that we intend to reduce our cost growth to five, six percent by the middle of ‘04. We are well on our way to doing that, and we expect to have our cost growth at, below double-digit, high single-digit, by the end of the year.

 

Sullivan:

 

Let’s talk about growth in terms of sales, then, both in television and in radio. Can you give us some numbers as far as TV and radio’s expected growth for the second half of 2003?

 

Ulloa:

 

Well, I can’t give you growth for the second half of ‘03, but I can tell you that we have some of the strongest revenue growth, both in the television and radio divisions, of any broadcast company in the country. We’ve had that in the first half and expect to have it in the second half.

 

page 1


We told the investor community that we anticipated revenue growth of seven to ten percent in our television division and twelve to fourteen percent in our radio division. We expect to be at the high end of that guidance.

 

Sullivan:

 

Okay. At the high end?

 

Ulloa:

 

And perhaps—at the high end and maybe even above that guidance, but certainly at the high end.

 

Sullivan:

 

Okay. Also, you stated in May that your radio division, quote, may not be as competitive as you’d like because you don’t have what you call enough scale. Does that mean you are planning on making more acquisitions in the radio or television markets?

 

Ulloa:

 

I believe what I said with regards to that comment is that in markets where we don’t have enough scale, that we would look to divesting or moving out of those markets. I believe that in general, in most of our radio markets, we have the kind of scale that we need to compete and to grow our business as we’ve indicated we will.

 

Sullivan:

 

Okay. Let’s talk about divestitures then, if that’s the situation. Where would you consider making those divestitures?

 

Ulloa:

 

Well, just to point to one divestiture that we announced over the weekend, we—I should say right before the Fourth of July holiday—we announced the divestiture of our newspaper, El Diario-La Prensa, in New York City. That’s a non-core asset, and we had indicated to the investor community that we would be looking at divesting non-core assets in ‘03.

 

As far as radio divestitures are concerned, it’s hard to tell right now as to what divestitures we might do in the second half in radio. But we are looking at our entire radio portfolio and determining if we do need to perhaps move out of a certain market.

 

page 2


Sullivan:

 

Okay…

 

Ulloa:

 

In our television division, we have no plans to divest any of our television assets.

 

Sullivan:

 

Okay. Let’s talk about, actually, El Diario. When you did divest, you got nineteen point nine million dollars in the transaction. What will you do with that money?

 

Ulloa:

 

We are using that to reduce our debt. We immediately transferred those funds to reduce our revolver. But as we said we would do at the beginning of the year, we said that we would, any transaction that we might do, we would use the proceeds from the sale of any of our assets to reduce our debt.

 

[End videotape]

 

Sullivan:

 

That was Walter Ulloa, chairman and CEO of Entravision Communications

 

# # #

 

page 3

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