Entravision Communications Corporation Q2 2009 Earnings Call Transcript

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2009-08-05 19:30:42.0

Tags: Radio, Call Transcript, Earnings, TVs, Tv & Home Theater, Advertising & Promotion, Personal Technology, Home Entertainment, Marketing, Seeking Alpha, Entravision Communications Corp.

Question-and-Answer Session

Operator

(Operator instructions) Our first question comes from James Dix from Wedbush.

James Dix – Wedbush Morgan Securities

Good afternoon, gentlemen. Just a couple of questions, maybe I'll break them up a little bit and maybe come around for a second round I guess. Walter, I think you talked a little bit about pacing by month for radio. I'm not sure I heard them by month for TV. If you have those that might be interesting. And then any outlook for pacings in the third quarter, what’s the outlook for TV and radio at this point? I guess second, it looked like radio did not accelerate maybe quite as much as expected in the second quarter. It kind of the declines – decreased by around the same amount as the TV group. Is there anything going on there in terms of revenue catalysts? I guess I'll stop there. I'll let you guys take that and then I had a couple of follow-ups.

Philip Wilkinson

Okay, James, this Philip. How are you doing?

James Dix – Wedbush Morgan Securities

Pretty good. How are you?

Philip Wilkinson

Good, thank you. Pacings – actually I think you said pacings but you may have meant we have fared through the individual months in second quarter for TV because we not going too far out here in terms of projections but April we were down approximately 32% for the TV combined, local and national. That improved in May to down minus 28% and we actually improved that 10 points in June to minus 18% on the TV side and that's where we finished blended minus 26. July is in the – I guess it finished but it was about minus 20 and small change. August pace, it is too hard to tell in August. We just started laying in a lot of local business. So it is not – I don’t think it’s going to be an accurate number. But we – overall, I can say that we – things are improving. It is still tough out there but it is not as bleak as it was two months ago, that’s for sure.

James Dix – Wedbush Morgan Securities

Is that similar for radio? I know you gave the monthlies for the second quarter but how is radio looking going forward?

Philip Wilkinson

June was improved, improved actually about 5 points over the April, May finish. And July is slightly improved. But similar analysis in terms of where we think things are improving, and we feel better than we did certainly couple months ago and across most all categories. We had travel and leisure improving by June and in July we improved slightly in services, much improved in retail. Telecom has been a tough one for us. Health care has been holding. And auto I think Walter gave you the specifics on the tiers and where we finished but I think we can honestly say that we feel we have bottomed out in second quarter on auto which is a big part of our business.

 

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