Hispanic media doubly confusing for investors

October 03, 2007 With Univision Communications now a privately-held company after a private-equity buyout, radio and TV station groups Entravision Communications Corp. and Spanish Broadcasting System Inc. have been the focus this year for U.S. investors looking for a Spanish-language media play. [...] while Hispanics remain the fastest-growing demographic group in the country, the two stocks have gone divergent ways, with Entravision up more than 22% year-to-date and Spanish Broadcasting down more than 38% and near its 52-week low. "With the disappearance of big brother company Univision from the public markets earlier this year, we note that Entravision is one of only two public ways to play the explosion of the Hispanic-American population from a media and entertainment bias, and easily the cleaner of the two," he wrote in his upgrade report.

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