Entravision To Acquire KKWB-TV In El Paso.

Entravision Communications Corporation announced that it has entered into an agreement to acquire KKWB-TV, Channel 65, serving El Paso, Texas from White Knight Broadcasting of El Paso, Inc. for $18 million in cash. The acquisition will create the first television duopoly in El Paso, joining KKWB-TV and KINT-TV, Channel 26, Entravision’s Univision affiliate serving El Paso. KKWB-TV, currently a WB affiliate, will launch as an affiliate of TELEFUTURA, Univision’s new Spanish-language network, in the first quarter of 2002. David Candelaria, currently General Manager of KINT-TV will be General Manager for both KINT-TV, and KKWB-TV.

Walter Ulloa, Chairman and CEO of Entravision, commented, “We are excited to bring TELEFUTURA programming to El Paso’s television viewers. KKWB-TV is our second television station in El Paso and joins our four radio stations in this vibrant market, strengthening our presence in one of the most densely populated and fastest growing Hispanic markets. KKWB-TV will benefit from the ratings strength of KINT-TV, which is El Paso’s number one rated station across all day parts and all adults, both Spanish and English-language speaking. In addition, the stations will share management, operational and sales resources creating further operating efficiencies.”

“This acquisition is a significant step as we expand and strengthen our U.S./Mexico border market properties and join Univision in the launch of the TELEFUTURA network. We remain focused on the execution of our strategy to capitalize on the phenomenal growth of the Hispanic market and leverage our diversified base of television, radio and outdoor assets in the fastest growing Hispanic markets in the U.S.”