Entravision Communications Corporation Announces Extension of Its Tender Offer for Its 8.125% Senior Subordinated Notes Due 2009

Entravision Communications Corporation Announces Extension of Its Tender Offer for Its 8.125% Senior Subordinated Notes Due 2009

SANTA MONICA, Calif., Sept. 21 /PRNewswire-FirstCall/ -- Entravision Communications Corporation ("Entravision") (NYSE:EVC) announced today that it has extended its tender offer for any and all of its $225,000,000 aggregate principal amount of 8.125% Senior Subordinated Notes due 2009 ("Notes") and related consent solicitation. The tender offer and the consent solicitation are described in the Offer to Purchase and Consent Solicitation Statement dated August 9, 2005.

The expiration of the tender offer has been extended from 5:00 p.m., New York City time, on September 21, 2005 to 9:00 a.m., New York City time, on September 29, 2005, unless further extended by Entravision. Payments in consideration for tendered Notes will be made promptly after the expiration of the tender offer and consent solicitation.

As previously announced on September 7, 2005, the tender offer yield for Notes tendered and accepted will be 4.189%, which was determined as of 2:00 p.m., New York City time, on September 7, 2005 by reference to a fixed spread of 0.50% over the yield to maturity based on the bid side price of the 1.50% U.S. Treasury Note due March 31, 2006.

The right to withdraw tenders of Notes expired at 5:00 p.m., New York City time, on August 22, 2005 (the "Consent Time"). As previously announced on August 22, 2005, Entravision received tenders and consents from holders of 100% of its Notes prior to the Consent Time. Assuming a payment date of September 29, 2005, consideration for such Notes will be $1,057.61 per $1,000 principal amount of Notes, which includes a consent payment of $20.00 per $1,000 principal amount of Notes.

The tender offer and consent solicitation are being made upon the terms, and subject to the conditions, set forth in the Offer to Purchase and Consent Solicitation Statement and related Consent and Letter of Transmittal, each dated August 9, 2005. The obligation of Entravision to accept for purchase and pay for the Notes in the tender offer is conditioned on, among other things, the completion by Entravision of a new financing arrangement.

This announcement is neither an offer to purchase, nor a solicitation of an offer to purchase, nor a solicitation of tenders or consents with respect to, any Notes. The tender offer and the consent solicitation are being made solely pursuant to the Offer to Purchase and Consent Solicitation Statement and related Consent and Letter of Transmittal.

Entravision has retained Goldman, Sachs & Co. and Citigroup Global Markets Inc. to serve as the joint dealer managers and solicitation agents for the tender offer and the consent solicitation. Questions regarding the tender offer and the consent solicitation may be directed to Goldman, Sachs & Co. at (800) 828-3182 or (212) 357-7867, or Citigroup Global Markets Inc. at (800) 558-3745 or (212) 723-6106. Requests for documents in connection with the tender offer and the consent solicitation may be directed to Bondholder Communications Group, the information and tender agent, at (212) 809-2663.

Entravision is a diversified Spanish-language media company utilizing a combination of television, radio and outdoor operations to reach approximately 75% of Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision is the largest affiliate group of both the top- ranked Univision television network and Univision's TeleFutura network, with television stations in 20 of the nation's top 50 Hispanic markets in the United States. Entravision owns and operates one of the nation's largest groups of primarily Spanish-language radio stations, consisting of 54 owned and operated radio stations in 21 U.S. markets. Entravision's outdoor advertising operations consist of approximately 11,100 advertising faces located primarily in Los Angeles and New York. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC.

This press release contains certain forward-looking statements. These forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this press release. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that actual results will not differ materially from these expectations. From time to time, these risks, uncertainties and other factors are discussed in our filings with the Securities and Exchange Commission.

Source: Entravision Communications Corporation

CONTACT: Jonathan Lesko of Brainerd Communicators, +1-212-986-6667, for Entravision Communications Corporation

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