Entravision Communications Corporation Completes Sale of Outdoor Advertising Operations

Mon May 19, 2008 9:00am EDT

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Entravision Communications Corporation Completes Sale of Outdoor Advertising

SANTA MONICA, Calif., May 19 /PRNewswire-FirstCall/ -- Entravision
Communications Corporation (NYSE: EVC) announced today that it completed the
sale of its outdoor advertising operations to Lamar Advertising Company on May
16, 2008 for $100 million in cash.
    Entravision's Chairman and Chief Executive Officer, Walter F. Ulloa, said,
"The proceeds from the sale of our outdoor division will strengthen our
balance sheet, improve our financial flexibility and reinforce our ability to
execute on our strategic plan to the benefit of our shareholders."
    Entravision announced in February 2008 the agreement to sell its outdoor
advertising operations, which operates under the name Vista Media and consists
of approximately 10,600 advertising faces concentrated primarily in New York
and Los Angeles. Citigroup and Moelis & Company acted as financial advisors to
Entravision on the sale.
    Entravision Communications Corporation is a diversified Spanish-language
media company utilizing a combination of television and radio operations to
reach Hispanic consumers across the United States, as well as the border
markets of Mexico. Entravision is the largest affiliate group of both the
top-ranked Univision television network and Univision's TeleFutura network,
with television stations in 20 of the nation's top 50 Hispanic markets. The
company also operates one of the nation's largest groups of primarily Spanish-
language radio stations, consisting of 48 owned and operated radio stations.
Entravision shares of Class A Common Stock are traded on The New York Stock
Exchange under the symbol: EVC.
SOURCE  Entravision Communications Corporation

Mike Smargiassi, or Joe Lobello, both of Brainerd Communicators, Inc.,
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