July 21, 2017 / 11:47 AM / a month ago

BRIEF-Entravision Communications to buy NBC and MyNetworkTV affiliates

July 21 (Reuters) - Entravision Communications Corp:

* Entravision Communications Corporation enters into agreement to acquire NBC affiliate KMIR-TV and MyNetworkTV affiliate KPSE-LD serving Palm Springs, California

* Entravision Communications Corporation enters into agreement to acquire NBC affiliate KMIR-TV and MyNetworkTV affiliate KPSE-LD serving Palm Springs, California

* Entravision Communications Corp - deal for ‍$21 million.​

* Deal ‍is expected to be immediately free cash flow accretive​

* Entravision Communications Corp - deal ‍expected to be funded on a tax efficient basis with proceeds from FCC broadcast incentive auction​ Source text for Eikon: Further company coverage:

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