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Article: Univision Communications Completes Acquisition of San Francisco/San Jose Radio Stations From Entravision Communications.
- Article from:
- PR Newswire
- Article date:
- January 3, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ANGELES and SANTA MONICA, Calif., Jan. 3 /PRNewswire-FirstCall/ -- Univision Communications Inc. and Entravision Communications Corporation today announced that on January 1, 2006, they completed the previously announced acquisition by Univision of radio stations KBRG(FM) and KLOK(AM) serving the San Francisco/San Jose, California market from Entravision for $90 million.
Univision paid for the acquisition with approximately 12.6 million shares of Entravision Class U common stock held by Univision, based on the volume weighted average price of a share of Entravision Class A common stock during the 10-trading day period ending two trading days prior to the ...