# Entravision (EVC): $30 Million Tampa Station Sale Meets an 88% Revenue Print > Entravision agreed on November 3, 2026 to sell WFTT-TV in Tampa for $30 million in cash, then reported third-quarter revenue of $226.3 million, up 88%, led by advertising technology. Kingdom Capital flagged the sale. We check ATS profits, Media thinness and what the station mark implies. By MCAFax · Published November 6, 2026 Section: Markets & Main Street › From Wall Street · Series: Market Calls, Investigated (https://mcafax.com/notebook/series/market-calls-investigated) Canonical: https://mcafax.com/notebook/evc-entravision-tampa-station-30-million-ats-print Source: MCAFax, The Broker's Notebook (https://mcafax.com/notebook). MCAFax is not a lender or a law firm. --- Entravision Communications Corp. (NYSE: EVC) agreed on November 3, 2026 to sell WFTT-TV in the Tampa-St. Petersburg market for $30 million in cash, then printed a third-quarter ad-tech surge on November 5. Small-cap investor Kingdom Capital [flagged](https://x.com/kingdomcapadv/status/2118451364020072851) the Tampa sale the same day. Company disclosures name the buyer as Sunset Boulevard Broadcasting. The debate is whether ATS growth plus station cash marks a cheap media-to-tech stub, or whether customer concentration and a thin Media profit keep the stock capped. *This is journalism and commentary, not investment advice. We hold no position unless stated.* ## Key facts - **Ticker:** EVC on NYSE; Spanish-language media plus Advertising Technology and Services (ATS / Smadex). - **The call:** Kingdom Capital highlighted the $30 million Tampa TV sale as another step in monetizing media while ATS carries earnings. - **Price basis:** $7.50 close on November 5, 2026, after the print and sale headlines. - **Q3 revenue:** $226.3 million, up 88% year over year; ATS revenue $177.2 million, up 133%; Media revenue $49.1 million, up 10%, per company materials summarized in the [call transcript](https://www.fool.com/earnings/call-transcripts/2026/11/06/entravision-evc-q3-2026-earnings-call-transcript/). - **Profit:** operating income $28.3 million versus a $9.1 million operating loss a year earlier; net income $19.0 million. - **ATS profit:** segment operating profit $35.2 million, up 261% from $9.8 million. - **Tampa sale:** $30.0 million cash for WFTT-TV; expected close late 2026 or early 2027, subject to regulatory approval. - **Balance sheet color:** cash and marketable securities about $89.7 million; total debt about $152.3 million at quarter end. ## Is the Tampa $30 million sale the main story? It is the clearest hard mark on local TV assets. Kingdom Capital's post focused on the $30 million headline. Secondary voices such as Lee Roach [asked](https://x.com/leevalueroach/status/2118460862486774059) what the rest of the TV and radio portfolio is worth on that mark, and Dylan Marrello at ragingbullcap [argued](https://x.com/ragingbullcap/status/2118700113954521433) the mark supports a cheap Smadex/ATS optionality case. Management also said it is evaluating strategic alternatives for television after Univision-related affiliation changes. ## Why are investors bullish on Entravision? - **ATS scale.** Ad-tech revenue more than doubled and produced nearly all segment profit. - **Cash mark.** A single station at $30 million is a reference point for remaining broadcast assets. - **Deleveraging path.** Operating cash flow funded dividends and debt paydown during the ad-tech boom. - **Guide tone.** Bulls read Q4 commentary as conservative after prior beats. ## Who's making this call and why? Kingdom Capital Advisors posts small-cap special-situation ideas. It has tracked EVC through ATS/Smadex collaboration notes and media-split talk earlier in 2026, then [highlighted](https://x.com/kingdomcapadv/status/2118451364020072851) the Tampa sale after the Q3 package. **Track record.** In our tracking Kingdom Capital is 4-14 on 18 scored calls at 180 days versus the S&P 500, with an average edge of about -17.3 points and a last-10 record of 2-8. That is a poor core record; we flag it and do not demote the roster account. See the [scoreboard](https://mcafax.com/notebook/market-calls-scoreboard). **Other voices.** Lee Roach and ragingbullcap both framed the $30 million sale as evidence the media stack can fund the ATS story. BuffDawgg summarized ATS +133% versus a greater-than-100% guide floor and a 39.4% take-rate. ## Who disagrees? Skeptics focus on concentration: prior filings showed a large Asian advertiser as a major share of revenue, and ATS sales dipped about 3% sequentially even while soaring year over year. Media contributed only about $70,000 of segment operating profit despite a 10% revenue lift helped by political ads. Affiliation and spectrum strategy remain open questions into 2027. Stock-based compensation lifted diluted share count. Other risks: - **Poor tracker form.** Kingdom's scored record is weak; treat the call as a special-situation checklist, not a hot streak. - **Buyer label.** Kingdom's post named a colorful buyer; company/SEC summaries identify Sunset Boulevard Broadcasting. We use the filing name. - **Election fade.** Media profits may weaken in an off-political year if ATS growth slows. ## What are the key facts to verify? - Entravision Q3 release and 10-Q for ATS concentration, debt and Tampa sale terms. - Purchase agreement: Sunset Boulevard Broadcasting, $30 million cash, regulatory conditions. - Q4 ATS commentary versus the greater-than-100% growth floor language from prior calls. - Any update on TelevisaUnivision affiliation timing and broader TV disposals. ## What would prove it right or wrong? Signals the ATS-plus-disposals thesis is working: - More station or spectrum sales near or above the Tampa dollars-per-asset mark. - ATS returning to sequential growth with falling top-customer concentration. - Net debt falling while the $0.05 quarterly dividend stays covered by free cash flow. Signals it is fading: - ATS sequential declines with rising receivables and unchanged concentration. - Media losses widening after political spend fades. - Tampa deal delay or a cut to ATS growth language. *This is journalism and commentary, not investment advice. We hold no position unless stated.* ## Questions readers ask **Is Entravision (EVC) stock a good bet after the Tampa sale?** It depends on whether ATS keeps compounding and further TV sales clear a higher asset mark. EVC closed at $7.50 on November 5, 2026. Kingdom Capital flagged the $30 million Tampa station sale. Q3 revenue was $226.3 million, up 88%, led by ATS. **What TV station did Entravision agree to sell?** WFTT-TV serving Tampa-St. Petersburg, Florida, for $30.0 million in cash to Sunset Boulevard Broadcasting, agreed November 3, 2026, with closing expected in late 2026 or early 2027 subject to regulatory approval. **How did Entravision's ATS segment perform in Q3 2026?** ATS net revenue was $177.2 million, up 133% year over year and down about 3% from the second quarter. ATS segment operating profit was $35.2 million, up 261% from $9.8 million a year earlier. **How did the Media segment do?** Media revenue was $49.1 million, up 10% year over year, helped by political advertising and retransmission fees. Segment operating profit was about $0.1 million, versus a $3.5 million operating loss a year earlier. **Who is Kingdom Capital?** Kingdom Capital Advisors posts small-cap special-situation ideas on X. In our tracking it is 4-14 on 18 scored calls at 180 days versus the S&P 500, with an average edge near -17.3 points. That poor core record is flagged; the roster seat is not demoted. **What do other investors say about the $30 million mark?** Lee Roach asked what the rest of the TV and radio portfolio is worth on that mark. Dylan Marrello argued the mark supports cheap Smadex/ATS optionality if remaining stations are monetized. **What is Entravision's balance-sheet snapshot?** Cash and marketable securities were about $89.7 million and total debt about $152.3 million at quarter end. The board kept a $0.05 quarterly dividend. **What is the customer-concentration risk?** Prior-quarter filings highlighted a large Asian advertiser as a major share of revenue. The Q3 debate is whether sequential ATS softness and higher receivables mean that whale is fading or the book is diversifying. **Is the company selling more TV assets?** Management said it is evaluating strategic alternatives for television, including possible disposition of TV assets, alongside the Tampa sale already signed. **What would show the long thesis is wrong?** ATS sequential declines with sticky concentration, Media losses after political ads fade, or a failure to convert the Tampa mark into further sales near similar values.