<PAGE>
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
ENTRAVISION COMMUNICATIONS COMPLETES ACQUISITION OF OUTDOOR ADVERTISING
ASSETS IN NEW YORK
Santa Monica, CA, October 16, 2000 - Entravision Communications Corporation
(NYSE: EVC) announced today that it has completed the acquisition of
approximately 1,200 outdoor advertising faces in New York from Infinity
Broadcasting Corporation for $168.2 million.
With the addition of the Infinity outdoor assets, Entravision now owns
approximately 11,0000 outdoor advertising faces located in high-density Hispanic
communities in Los Angeles and New York, the two largest Hispanic markets in the
United States. Entravision is now one of the largest owners and operators of 8-
sheet outdoor advertising faces in the nation. This inventory of outdoor assets
is primarily concentrated on busy city streets, targeting both pedestrian and
vehicular traffic. With this acquisition, Entravision has consolidated all of
the 8-sheet and 30-sheet outdoor advertising faces in the greater New York City
area. Entravision's outdoor business, which represents approximately 20% of the
Company's annual revenues, is currently growing at approximately twice the
industry average.
Walter Ulloa, Chairman and CEO of Entravision, commented, "Outdoor
advertising is a key component of our strategy to provide advertisers with a
unique multi-media platform for reaching the nation's Hispanic population.
Outdoor advertising has proven to be particularly effective in influencing
Hispanic purchasing decisions. This acquisition cements our outdoor presence in
New York's most densely populated Hispanic neighborhoods, strengthening our
ability to offer advertisers a highly targeted medium for reaching Latino
families where they live and shop. With our strong financial position and
robust organic growth, we continue to search for additional acquisition
opportunities, including outdoor assets in other major Hispanic markets."
Entravision Communications Corporation is a diversified Spanish-language
media company utilizing a combination of television, radio, outdoor and
publishing operations to reach approximately 80% of Hispanic consumers across
the United States, as well as the border markets of Mexico. Entravision is the
largest affiliate group of the top-ranked Univision television network, with
stations in 18 of the nation's top-50 Hispanic markets. The company also
operated the nation's largest centrally programmed Spanish-language radio
network which serves 23 markets via 57 owned and operated radio stations and 47
affiliates. The company's publishing operations include El Diario/La Prensa in
New York City, the nation's oldest major Spanish-language newspaper.
Entravision shares of Class A Common Stock are traded in the New York Stock
Exchange under the symbol: EVC.
<PAGE>
Certain statements contained in this release are forward looking. Although
Entravision Communications Corporation believes that its expectations are based
on reasonable assumptions within the bounds of its knowledge of its business and
operations, there can be no assurance that actual results will not differ
materially from expectations and assumptions, see the company's prospectus,
dated August 2, 2000.
