Entravision Misses Form 10-K Deadline Over Cisneros Acquisition
Entravision couldn't meet its Form 10-K SEC filing deadline, said in a release Wednesday, the deadline day. The broadcaster “experienced unexpected delays in its completion of the audit of its financial statements” for 2020 due to buying a majority of…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
Cisneros Interactive, it said. “The Company continues to work diligently to complete its audit and Form 10-K. The Company intends to file its Form 10-K as soon as practicable.” This deadline was the company’s second missed one here -- it also missed the original March 16 due date, said filings. Independent auditors are going through financial records for the Cisneros acquisition, Entravision told the SEC. “During the course of the completion of these audit procedures, items may be identified which could result in the Company’s audited results that will be included in the Form 10-K to be materially different than the Company’s unaudited financial results,” which were included in a March 11 news release on the Cisneros buy. “In addition to achieving record political revenues in the fourth quarter of 2020, our digital business expanded significantly and was up 424% over the prior-year period due in large part to our acquisition of a majority interest in Cisneros Interactive, said CEO Walter Ulloa in that release.