Entravision 'Bulking Up' on TV Stations, Macquarie Says
Entravision is “wasting no time identifying TV assets to purchase,” Macquarie Capital analyst Amy Yong emailed investors Monday evening. Assets from the incentive auction give the company flexibility, and Entravision is “bulking up “on TV stations, including buying two stations…
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in Palm Springs, California, Yong wrote. The move is a “clear positive,” but may be tempered by “continued choppy ad trends and industry-wide softness,” Yong said.