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Third Quarter 2020 Earnings Conference Call
Thursday, November 05, 2020
5:00 PM ET

Mergers & Acquisitions

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Deal Overview

Buyer:
Entravision Communications Corporation
Actual Acquirer:
Entravision Communications Corporation
Target:
Eight television stations and translators
Deal Type:
Media & Entertainment
Agreement Date:
9/4/2008
Announcement Date:
9/30/2008
Announced Deal Value ($ M):
4.00
Status:
Completed
Completion Date:
4/1/2009

Consideration Breakout
Cash ($M) 4.0

Deal Pricing Ratios

Announcement Completion
Price / TV Household ($ /TVHH) 3.47 3.47
Cash Flow Multiple (x) 8.5 8.5
Deal Terms
Description of Consideration

Entravision Communications Corporation paid $4.0 million in cash, including $200,000 in escrow, to acquire eight TV stations and translators from Pappas Telecasting.

Accounting Method Purchase
Merger of Equals? No
Bankruptcy Sale? Yes
Maximum Termination Fee ($ 000) 125
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Thompson Hine LLP
Seller Yes Davis Wright Tremaine LLP