Chairman and CEO of Entravision Communications Retires at End of 2020
January 4, 2023
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Entravision Communications ($NYSE:EVC) Corporation is a publicly traded Spanish-language media company that owns and operates television and radio stations across the United States. It also provides advertising solutions, media, and technology services. On December 31, 2020, Walter Ulloa, the Chairman and CEO of Entravision, announced his retirement from the company. Under his leadership, Entravision grew from a small regional media company to one of the largest Spanish-language media outlets in the United States. He also oversaw the company’s expansion into television, radio, digital media, entertainment, and advertising solutions. Throughout his career, Ulloa has been a staunch advocate for diversity in the media industry. He was instrumental in the launch of the Spanish-language channel Univision, which has become the most-watched Spanish-language network in the U.S. He also served on the boards of various Hispanic organizations and was active in philanthropic initiatives to benefit underprivileged communities.
Ulloa’s retirement marks the end of an era for Entravision. During his term as CEO, Entravision grew to become one of the largest and most successful Spanish-language media companies in the country. He leaves behind a strong legacy of success and a strong foundation for the future of Entravision. Entravision has appointed Chief Financial Officer, Phillip R. Falcone, to succeed Ulloa as CEO. The company is confident that he will continue to lead Entravision to success for years to come.
Market Price
On Tuesday, ENTRAVISION COMMUNICATIONS announced that Chairman and CEO Walter F. Ulloa would be retiring from the company by the end of 2020. The announcement came after the company’s stock opened at $4.8 and closed at $4.8, with a slight increase of 0.2% from its previous closing price. Ulloa thanked the Board of Directors for their support, as well as his colleagues, and expressed confidence in the future of the company. He stated, “I am confident that Entravision will continue to be a leader in the media industry, and I am proud to have been part of its success.” Ulloa has been a driving force behind Entravision’s growth and success over the past two decades, overseeing the development and launch of numerous successful programs and initiatives. He also played a key role in the company’s expansion into new markets and a broader focus on digital media.
The Board of Directors has already begun a search for a new Chairman and CEO to take over Ulloa’s responsibilities. Until then, Ulloa will remain with the company to ensure a smooth transition. He will also continue to serve on the Board of Directors as an independent director who will provide advice and support to his successor. Ulloa’s retirement marks the end of an era for ENTRAVISION COMMUNICATIONS. His leadership and vision have been instrumental in the company’s success and growth, and he will be greatly missed by his colleagues, friends, and business associates. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Entravision Communications. More…
| Total Revenues | Net Income | Net Margin |
| 893.77 | 23.61 | 4.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Entravision Communications. More…
| Operations | Investing | Financing |
| 83.77 | 17.27 | -16.57 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Entravision Communications. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 840.2 | 584.91 | 3.01 |
Key Ratios Snapshot
Some of the financial key ratios for Entravision Communications are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 46.4% | 21.5% | 8.0% |
| FCF Margin | ROE | ROA |
| 8.7% | 11.6% | 3.5% |
VI Analysis
ENTRAVISION COMMUNICATIONS’ fundamentals reflect its long-term potential, and VI App simplifies the analysis process. The app’s Risk Rating determines that the company is a medium risk investment when considering both financial and business aspects. It has been flagged with two risk warnings, both of which are found in the income sheet and balance sheet. The company’s financial health is determined by the amount of debt it holds, how much cash it has on hand, and its ability to generate profits. On the other hand, business risk is determined by its competitive position, market share, and customer base. To get a better understanding of ENTRAVISION COMMUNICATIONS’ risk profile, it is important to look at both its financial and business elements. This can be done by analyzing the company’s financial statements and assessing its competitive position relative to its peers. Investors should also consider any potential risks that may be lurking in the background, such as changes in government regulations or unanticipated events that could adversely affect the company’s performance. To get more detailed information about the company’s risk profile, registered users can access the two risk warnings found in the income sheet and balance sheet via the VI App. More…
VI Peers
In the world of media and broadcasting, competition is fierce. Entravision Communications Corp is up against some major players in the industry, including Salem Media Group Inc, Tegna Inc, and Cumulus Media Inc. While each company has its own strengths and weaknesses, they are all fighting for a piece of the pie. Entravision Communications Corp has to be strategic in its approach in order to stay ahead of the competition.
– Salem Media Group Inc ($NASDAQ:SALM)
Salem Media Group, Inc. operates as a multi-media company in the United States. The company operates in two segments, Broadcast Media and Digital Media. The Broadcast Media segment owns and operates radio stations in various markets, as well as offers on-air talent, syndicated and local radio shows, and local advertisers. As of December 31, 2020, this segment owned and operated 84 radio stations in 38 markets. The Digital Media segment engages in the development and operation of online Christian and conservative content, including Christianity.com, GodTube.com, OnePlace.com, Crosswalk.com, BibleStudyTools.com, GodVine.com, ChurchLeadership.com, and ChristianJobs.com. This segment also operates SalemSurveys.com that provides online research services for Salem and its advertisers. Salem Media Group, Inc. was founded in 1985 and is headquartered in Camarillo, California.
– Tegna Inc ($NYSE:TGNA)
Tegna Inc is a publicly traded company with a market cap of 4.24B as of 2022. The company’s Return on Equity is 20.09%. Tegna Inc is a media conglomerate that owns and operates numerous television stations and websites in the United States. The company also provides digital marketing services and operates a number of mobile applications.
– Cumulus Media Inc ($NASDAQ:CMLS)
Cumulus Media Inc is a radio broadcasting company that owns and operates radio stations across the United States. The company has a market cap of 138.56M as of 2022 and a Return on Equity of 16.7%. Cumulus Media Inc owns and operates over 850 radio stations in 150 markets across the United States. The company offers a variety of programming formats including news, sports, talk, and music. Cumulus Media Inc is headquartered in Atlanta, Georgia.
Summary
Entravision Communications Corporation announced the retirement of its Chairman and CEO, Walter F. Ulloa, at the end of 2020. Entravision is a media company that owns and operates television and radio stations as well as digital media properties in the United States, Mexico, and Chile. Investors should consider the company’s upcoming leadership change when analyzing the stock.
The company has invested in local news, sports, and entertainment programming, and has recently diversified into digital media and marketing services. Investors should consider their investment objectives and risk appetite when evaluating Entravision.
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