Univision Posts Small Loss In Q4
February 27, 2012 at 8:15 AM (PT)
UNIVISION COMMUNICATIONS reported Q4 financials on FRIDAY. CEO RANDY FALCO and Chairman HAIM SABAN noted the company "posted a loss of $355.9 million, compared with a loss of $631.9 million in the year-ago period, which had been dragged down by $452 million in losses and charges related to a legal settlement with Mexican broadcaster, content supplier and investor GRUPO TELEVISA," reports THE HOLLYWOOD REPORTER.
"Restructuring, severance and related charges rose to $9.3 million in the latest period from $4.9 million in the year-ago period. The company also cited an impairment loss of $12.5 million, compared to $8.6 million in the year-ago period," said the report.
Revenue rose 6.9% percent to $616.7 million, with the gains posted in UNIVISION's radio and TV divisions, and a loss in the interactive unit.
"The release of the 2010 U.S. Census results made 2011 a landmark year for UNIVISION and the entire Hispanic media industry," said FALCO. "The Census results showed that our core audience, which is already one in six Americans, is expected to grow to one in three Americans in 40 years."