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41	41	Univision currently owns approximately 11% of its common stock on a fully-converted basis. The company's Class U common stock held by Univision has limited voting rights and does not include the right to elect directors. Each share of Class U common stock is automatically convertible into one share of Class A common stock (subject to adjustment for stock splits, dividends or combinations) in connection with any transfer to a third party that is not an affiliate of Univision. In addition, as the holder of all of its issued and outstanding Class U common stock, so long as Univision holds a certain number of shares of Class U common stock, the company may not, without the consent of Univision, merge, consolidate or enter into a business combination, dissolve or liquidate its company or dispose of any interest in any FCC license with respect to television stations which are affiliates of Univision, among other things.
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	43	+= Recent development =
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	45	+== Extension of  Partnerships ==
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	47	+On February 10 2020 Entravision Communications Corporation announced  that the extension of its long term partnerships with Oswaldo Diaz and Eddie "Piolín" Sotelo. Entravision entered into a new two-year affiliation agreement with Oswaldo Diaz for his hit "El Show de Erazno y La Chokolata" to be carried on its radio stations. Also, under the separate agreements, Entravision has extended its programming and advertising representation agreement with Eddie "Piolín" Sotelo and his hit midday program, "El Show de Piolín." Piolín's contract extension will run through December 2020.
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43	43	= References =
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45	45	{{putFootnotes/}}