Univision Shows Revenue Growth In Q3
November 5, 2012 at 4:19 AM (PT)
UNIVISION third quarter revenue rose 7.6% to $628.9 million but earnings fell from $290 million (including a one-time tax benefit of $239 million) to $5.2 million (including a $53.2 million one-time charge for impairment loss and other fees). Radio revenue grew from $87.7 million to $90.7 million.
President/CEO RANDY FALCO said, “Our accomplishments in the third quarter add to the strides we have made over the past two years, as we have worked to build on our 50-year history of being a leader in Hispanic media to become a multimedia powerhouse regardless of language. This evolution is a testament not only to our constant innovation and preeminent bond with the community we serve, but it also speaks to the way Hispanics have become a critically important influence on American commerce, politics and culture. By taking monumental steps – like launching our digital video network UVideos – we have transformed into a media company with the platforms and commitment to being everywhere our audience is. As a visual testament to this, we are proud to have recently unveiled a new brand identity that represents the core characteristics of our Company and our audience – multidimensional, dynamic, modern and bold."