Entravision (EVC) Enters Amendement with Univision Network Over MNAA
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On December 29, 2011, Entravision Communications Corporation (NYSE: EVC) entered into (i) an amendment, effective October 1, 2011, to the Master Network Affiliation Agreement dated as of August 14, 2002 by and between Univision Network Limited Partnership and the Company and (ii) an amendment, effective October 1, 2011, to the Master Network Affiliation Agreement dated as of March 17, 2004 by and between TeleFutura and the Company.
Such amendments are collectively referred to as the “Amendments” and such agreements are collectively referred to as the “Agreements.” The Amendments provide, in material part, that as consideration for Univision’s services as national and regional sales representative for the Company, the Company shall pay to Univision 9.4% of all Net Sales (as defined in the Agreements) of each Station (as defined in the Agreements), among revisions to certain other terms and conditions. All other provisions of the Agreements, as amended, remain in full force and effect unless expressly amended or modified by the Amendments.
Such amendments are collectively referred to as the “Amendments” and such agreements are collectively referred to as the “Agreements.” The Amendments provide, in material part, that as consideration for Univision’s services as national and regional sales representative for the Company, the Company shall pay to Univision 9.4% of all Net Sales (as defined in the Agreements) of each Station (as defined in the Agreements), among revisions to certain other terms and conditions. All other provisions of the Agreements, as amended, remain in full force and effect unless expressly amended or modified by the Amendments.
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