-----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, QlEO9VAE++mSS63BunxVznlKSRhP1m7fyLcAslKMyyUtkow32pdjceYqKIreHxmG 7NhvKFfekUI3Ky1zeq92qw== 0001193125-06-001063.txt : 20060104 0001193125-06-001063.hdr.sgml : 20060104 20060104163811 ACCESSION NUMBER: 0001193125-06-001063 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20060101 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060104 DATE AS OF CHANGE: 20060104 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: 06508335 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

 

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): January 1, 2006

 

ENTRAVISION COMMUNICATIONS CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware   1-15997   95-4783236

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

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

(Address of principal executive offices) (Zip Code)

 

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

 

Not Applicable

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



Item 8.01. Other Events.

 

On January 1, 2006, Entravision Communications Corporation (the “Company”) issued a press release announcing that it has completed the previously-announced sale of the Company’s radio stations KBRG(FM) and KLOK(AM), which serve the San Francisco/San Jose, California markets, and other assets related to the operation of those stations, to Univision for $90 million. A copy of that press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. By including any information in this Current Report on Form 8-K, the Company does not necessarily acknowledge that disclosure of such information is required by applicable law or that the information is material.

 

Item 9.01. Financial Statements and Exhibits.

 

(c) Exhibits

 

99.1    Press release issued by Entravision Communications Corporation on January 3, 2006.


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: January 4, 2006

     

By:

 

/s/ Walter F. Ulloa

               

Walter F. Ulloa

Chairman and Chief Executive Officer


EXHIBIT INDEX

 

Exhibit

  Number  


 

Description of Exhibit    


99.1   Press release issued by Entravision Communications Corporation on January 3, 2006.
EX-99.1 2 dex991.htm PRESS RELEASE ISSUED BY ENTRAVISION COMMUNICATIONS CORPORATION Press release issued by Entravision Communications Corporation

Exhibit 99.1

 

LOGO    LOGO

 

FOR IMMEDIATE RELEASE

 

UNIVISION COMMUNICATIONS COMPLETES ACQUISITION OF

SAN FRANCISCO/SAN JOSE RADIO STATIONS

FROM ENTRAVISION COMMUNICATIONS

 

LOS ANGELES AND SANTA MONICA, CALIFORNIA January 3, 2006 – Univision Communications Inc. (NYSE: UVN) and Entravision Communications Corporation (NYSE: EVC) today announced that on January 1, 2006, they completed the previously announced acquisition by Univision of radio stations KBRG(FM) and KLOK(AM) serving the San Francisco/San Jose, California market from Entravision for $90 million.

 

Univision paid for the acquisition with approximately 12.6 million shares of Entravision Class U common stock held by Univision, based on the volume weighted average price of a share of Entravision Class A common stock during the 10-trading day period ending two trading days prior to the close of the transaction.

 

As part of its acquisition of Hispanic Broadcasting Corporation in 2003, Univision reached an agreement with the Department of Justice (DOJ) to reduce its stake in Entravision to 15% by March 26, 2006. This transaction reduces Univision’s ownership stake in Entravision to approximately 19.8%.

 

“With the completion of this strategic transaction, Univision has taken a significant step towards its necessary regulatory compliance while supplementing our existing offerings in the San Francisco/San Jose markets and incorporating KBRG and KLOK into our successful cross-promotion efforts,” said Gary Stone, Senior Vice President and Chief Operating Officer of Univision Radio. “Both stations will play important roles in the growth of our radio business — KBRG will allow us to provide the growing Hispanic population in the market with a new format choice and KLOK will increase the distribution of our successful AM network, RadioCadena.”

 

Walter Ulloa, Chairman and Chief Executive Officer of Entravision, commented, “With the sale of our San Francisco/San Jose radio stations, we have repurchased a substantial portion of Univision’s equity interest in our company. We believe this was a highly efficient transaction that is beneficial for our shareholders.”

 

Univision Communications Inc. is the premier Spanish-language media company in the United States. Its operations include Univision Network, the most-watched Spanish-language broadcast television network in the U.S. reaching 98% of U.S. Hispanic Households; TeleFutura Network, a general-interest Spanish-language broadcast television network, which was launched in 2002


and now reaches 86% of U.S. Hispanic Households; Galavisión, the country’s leading Spanish-language cable network; Univision Television Group, which owns and operates 62 television stations in major U.S. Hispanic markets and Puerto Rico; Univision Radio, the leading Spanish-language radio group which owns and/or operates 67 radio stations in 16 of the top 25 U.S. Hispanic markets and 4 stations in Puerto Rico; Univision Music Group, which includes Univision Records, Fonovisa Records, and a 50% interest in Mexico-based Disa Records labels as well as Fonomusic and America Musical Publishing companies; and Univision Online, the premier Spanish-language Internet destination in the U.S. located at www.univision.com. Univision Communications also has a 50% interest in TuTv, a joint venture formed to broadcast Televisa’s pay television channels in the U.S., and a non-voting 27% interest in Entravision Communications Corporation, a public Spanish-language media company. Univision Communications is headquartered in Los Angeles with television network operations in Miami and television and radio stations and sales offices in major cities throughout the United States. For more information, please visit www.univision.net.

 

Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television, radio and outdoor operations to reach approximately 75% of Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision is the largest affiliate group of both the top-ranked Univision television network and Univision’s TeleFutura network, with television stations in 20 of the nation’s top 50 Hispanic markets. Entravision owns and operates one of the nation’s largest groups of primarily Spanish-language radio stations, consisting of 54 owned and operated radio stations in 21 U.S. markets. Entravision’s outdoor advertising operations consist of approximately 11,100 advertising faces located primarily in Los Angeles and New York. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC.

 

# # #

 

For Univision Communications Inc:     
Investor Contact:    Media Contact:
Diana Vesga    Stephanie Pillersdorf/Brooke Morganstein
Univision Communications Inc.    Citigate Sard Verbinnen
310-556-7695    212-687-8080
For Entravision Communications Corporation:     
Investor Contact:    Media Contact:
Mike Smargiassi    Kim Holt
Brainerd Communicators, Inc.    Brainerd Communicators, Inc.
212-986-6667    212-986-6667

 

Page 2 of 2

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-----END PRIVACY-ENHANCED MESSAGE-----