Univision Radio Revenues Soar In Q1
May 10, 2007 at 3:12 PM (PT)
UNIVISION RADIO's first-quarter net revenue grew 20% to $86.9 million. Overall, including TV and Internet, UNIVISION's net revenue climbed 9% to $437.3 million. UNIVISION is now a private company, having been acquired by BROADCASTING MEDIA PARTNERS in a $12.7 billion deal earlier this year.
CEO JOE UVA said, "UNIVISION achieved both financial and operational success in the first quarter, further bolstering its industry-leading position and providing a springboard for the company’s exciting future under new ownership."
And Sr. Exec. VP/CFO/Chief Strategic Officer ANDREW HOBSON said, "Our advertising-related businesses continued to fuel the company's results in the first quarter, with net revenue growth in our television, radio and online divisions significantly outperforming their respective industry growth rates, compared to last year. UNIVISION grew its adjusted operating income before depreciation and amortization by 11%, led by our radio business, which delivered strong adjusted operating income before depreciation and amortization growth of 49% in the first quarter."