Univision Radio Revenues Rise In Q1
May 4, 2012 at 3:53 AM (PT)
UNIVISION COMMUNICATIONS first quarter radio revenues rose from $62.8 million to $66.8 million, helping overall net revenue to a 9.7% increase to $528.4 million and adjusted operating income before depreciation and amortization ("OIBDA") to rise 8.7% to $183.7 million.
President/CEO RANDY FALCO said, "Based on the ratings performance of our networks and the year-over-year revenue growth we have seen across all of our businesses in the first quarter, I am pleased to report that UNIVISION is off to a strong start in 2012. We have achieved important milestones, including the launches of two of our three new cable networks -- UNIVISION TLNOVELAS and UNIVISION DEPORTES -- which have meaningfully expanded the breadth of our content distribution and provided new, targeted touch points for our advertising clients to engage with the growing Hispanic community. We are encouraged by the early performance of these networks and look forward to realizing the full revenue potential of our programming portfolio across new and existing platforms as we continue to grow through the year."