Entravision Communications, operator of primarily Spanish-language radio and television stations, has received a warning from the New York Stock Exchange that its shares are trading below the average minimum required for listing on the exchange.
The media company’s shares have had an average closing price of less than $1 over 30 consecutive trading days.
“The company expects to notify the NYSE that it intends to cure this deficiency, and the company will have a six month period to meet the continued listing standard,” Entravision said in a statement.
Another Spanish-language media company, Spanish Broadcasting System, recently faced delisting from NASDAQ but got an extended grace period when the exchange suspended enforcement of its minimum bid price rule.
