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Entravision radio revenues improved 10% in the most recent quarter
With that kind of growth at both radio and television (+10%), and operating expenses that were up only mid-single digits, the EBITDA should grow double digits, and it did. That’s Earnings Before Interest, Taxes, Depreciation and Amortization, and it rose 16% for April through June. World Cup revenue helped, and so, on the TV side, did re-transmission fees. Entravision derives about one-third of its total revenue from its radio division. The stock trades as “EVC.”
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