Investment

Entravision Communications Corporation announced that the Company’s Board of Directors has approved the repurchase of $100 million of the Company’s common stock, in addition to the repurchase of $100 million of common stock that was previously authorized on November 1, 2006.

The National Association of Hispanic Real Estate Professionals (NAHREP) and the National Council of La Raza (NCLR) released “Saving Homes, Saving Communities: Latino Brokers Speak Out on Hispanic Homeownership,” a joint report offering analysis on the impact of predatory lending practices on Hispanic homeownership and an insider’s view on ways to reduce and discourage such practices. The report’s findings and recommendations were derived from roundtable discussions with 56 NAHREP members, who are practicing mortgage professionals in six U.S. cities with high concentrations of Hispanic homeowners.

People working in the U.S. have to file tax returns, and most use a Social Security number to identify themselves. But not all people have or qualify for Social Security numbers, so how do they file? They use an Individual Taxpayer Identification Number (ITIN) instead.

According to Inside Radio magazine, Univision’s planned sale to a Haim Saban-led group for $36.25 a share is headed to a September 27 vote of the board – and the New York Times reports that a frustrated Grupo Televisa is meeting with allies about an offer that could top $38 a share. Mexican-based Televisa has the burden of crafting a deal that would meet U.S. rules about foreign ownership.

“We’re in the Money!” No Matter Who or When…

To sell or not to sell, that is the question. Or maybe it isn’t, especially when not being in a hurry could mean more money. The ongoing negotiations for the sale of Univision may be seeing a temporary stop, something that may end up apparently postponing the bidding yet and unexpectedly increasing the value of the network which went on the block at an estimated worth of $12 billion to $13 billion.

As reported today at HispanicAd.com, Grupo Televisa, S.A. announced that it has filed an amendment to its Form 13-D with the U.S. Securities and Exchange Commission with respect to its holding in Univision Communications Inc.

There is an interesting twist to the partners involved in the new group of companies Bain Capital Partners, LLC, Blackstone Management Associates V, LLC, Carlyle Investment Management, L.L.C., Cascade Investment, L.L.C., and Kohlberg Kravis Roberts & Co. L.P.

Bill Gates is involved through his investment firm Cascade Investment, L.L.C.

The Mexican tycoon Carlos Slim and his family have increased their share of ownership in Univision Communications stock with a recent acquisition of $288 million.

The U.S. Securities and Exchange Commission filed a civil injunctive action in the United States District Court for the Southern District of New York charging six former executives of StarMedia Network, Inc. with securities fraud and two former executives with other securities law violations. StarMedia was an Internet portal directed at Spanish and Portuguese speaking communities in the United States and Latin America. In spite of the problems that existed in the past with the former executives of Starmedia Networks Inc., today the company and Internet portal is a new, dynamic, profitable company with a prominent position in the U.S. Hispanic market and Latin America. This new Starmedia, created in July, 2002 does not have anything to do with the management of the former team that has been charged by the SEC.

Since Univision Communications announced their intent to put the company for sale, the stock price at Univision Communications has increased over 10% in a month and a half.

On the other hand, Entravision Communications, a company closely related to Univision Communications, has enjoyed a significant ride this week.

Nearly 60 percent of adult Americans do not have an IRA or other investment products, like stocks, bonds, and mutual funds, and many don’t have life insurance, according to a new survey conducted by the Coalition for Financial Security (CFS) and the League of United Latin American Citizens (LULAC).