NEW YORK, February 16, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Entercom (NYSE: ETM), Entravision (NYSE: EVC), Televisa (NYSE: TV), Pearson (NYSE: PSO), and Media General (NYSE: MEG). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
ETM Research Report: ( http://get.analystsreview.com/pdf/?c=Entercom&d=16-Feb-2015&s=ETM ),
EVC Research Report: ( http://get.analystsreview.com/pdf/?c=Entravision&d=16-Feb-2015&s=EVC ),
TV Research Report: ( http://get.analystsreview.com/pdf/?c=Televisa&d=16-Feb-2015&s=TV ),
PSO Research Report: ( http://get.analystsreview.com/pdf/?c=Pearson&d=16-Feb-2015&s=PSO ),
MEG Research Report: ( http://get.analystsreview.com/pdf/?c=Media%20General&d=16-Feb-2015&s=MEG ).
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Analyst Update: Acquisitions, Debt Prepayments, Affiliation Agreements, and ResearchUpdates
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks closed higher on Friday with S&P 500 hitting an intraday record and the Dow Jones Industrial Average reaching its highest point so far this year. The Dow industrials added 46.97 points, or 0.26%, to 18019.35. The S&P 500 rose 8.51 points, or 0.41%, to 2096.99, and the Nasdaq Composite gained 36.22 points, or 0.75%, to 4893.84. The markets got a boost on hopes of a deal between Greece and its creditors. The continued redound in oil prices as well as strong economic data out of Europe also helped the markets in the rally. European markets also rose, driven by the Friday release of German data that showed the country's economy had grown in 2014's fourth quarter at a better-than-expected rate. Asia stocks mostly closed higher on Friday, following a global advance overnight, supported by reports of a new cease-fire agreement between Russia and Ukraine, Sweden's surprise move to cut its main rate into negative territory, and Greece agreeing to talks over its debt problems.
Entercom Communications Corporation (Entercom) has entered into a definitive agreement to acquire Lincoln Financial Media (LFM) from Lincoln Financial Group for $105 million plus working capital. The agreement covering fifteen radio stations in the Atlanta, Denver, Miami and San Diego markets, will expand Entercom's station portfolio to more than 130 stations in 26 markets.
A diversified media company serving Latino audiences and communities, Entravision Communications Corporation (Entravision) plans to prepay $20 million of term loans under the Company's senior secured term loan credit facility entered into on May 31, 2013.
Grupo Televisa S.A.B. (Televisa) has completed the sale of its equity interest in Iusacell on terms disclosed earlier. With a part of these proceeds, the Company has acquired 100% of the equity interest of Cablevisión Red and its subsidiaries for approximately (Mexican pesos) MXN3,000 million. In 2015, Cablevisión Red could reach revenues of approximately MXN2, 000 million and EBITDA of approximately MXN1, 000 million, the Company predicted.
Pearson, Plc (Pearson) revealed the findings of a new research study involving over 500 teachers to mark the launch of Read for My School, an initiative run by Pearson, and Booktrust, the independent charity, with the Department for Education. As per the research, 57% of teachers believe that children today read less than their generation did when they were growing up. And so the initiative launches to put books centre stage at school and at home.
Media General, Inc. (Media General) has entered into a long-term network affiliation agreements with The CW Network in sixteen markets nationwide. The agreements include renewals for CW affiliates in markets that Media General owns, operates or services television stations.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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