10.01.2009 07:00 AM
Entravision Shares Come Into NYSE Compliance
SANTA MONICA, CALIF.:Entravision
Communications received notice from the New York Stock Exchange today that it’s
once again in compliance. Entravision (NYSE: EVC) regained compliance after the
average closing share price for the 30-day trading period ending Sept. 30, 2009
exceeded $1, per exchange rules.
Shares of the Spanish-language broadcaster rose briefly on the compliance news,
up to $1.81 before settling mid-day at $1.75.
Entravision represents largest affiliate group of Univision and TeleFutura stations.
More on Entravision stations:
April 2, 2009: “Univision
Secures More Retrans”
Univision nailed down retransmission agreements with Time Warner Cable and Dish
Network, after a spate of similar pacts reached in early March. Also
covered are Univision affiliates owned and operated by Entravision and Equity