Entravision Shares Come Into NYSE Compliance

Spanish-language broadcaster’s stock shows signs of recovery
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Spanish-language broadcaster’s stock shows signs of recovery

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 Media Holdings.