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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 Holdings, LLC
Target:
One digital and one low power TV station
Deal Type:
Media & Entertainment
Agreement Date:
3/1/2017
Announcement Date:
3/16/2017
Announced Deal Value ($ M):
3.75
Status:
Completed
Completion Date:
1/16/2018

Consideration Breakout
Cash ($M) 3.6

Deal Pricing Ratios

Announcement Completion
Price / TV Household ($ /TVHH) 6.75 6.48
Deal Terms
Description of Consideration

Entravision Communications Corporation paid $3.6 million in cash, including $187,500 as an escrow deposit to acquire one digital and one low power TV station from Cranston Acquisition LLC.

Accounting Method Acquisition
Merger of Equals? No
Minimum Termination Fee ($ 000) 0
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Patrick Communications LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Thompson Hine LLP
Seller Yes Rini O'Neil, PC