Karma Police? Entravision, Which Pulled the Plug on Indie 103.1 Last Week, Sees its Stock Fall
This just in:
SANTA MONICA, Calif., Dec. 17 /PRNewswire-FirstCall/ -- Entravision
Communications Corporation (NYSE: EVC) announced today that on December 15, 2008 the company received notification from the New York Stock Exchange (NYSE) that the company has fallen below one of the NYSE's continued listing standard criteria by maintaining an average closing price of less than $1.00 over a consecutive 30 day trading period. 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's stock will continue to be listed on the NYSE during the cure period, subject to maintenance of other applicable NYSE listing standards.
(Thanks to jchurchjr90291)