Univision Radio Revenue Down, Overall Revenue Up For First Quarter 2011
May 9, 2011 at 4:17 AM (PT)
UNIVISION COMMUNICATIONS INC. first-quarter net revenue increased 6.2% to $481.8 million and adjusted operating income before depreciation and amortization rose 2.2% to $169.0 million if $15 million in settlement income received from a third party related to a commercial matter in 2010 is excluded. But radio revenue fell from $64.3 million to $62.8 million.
EVP/COO RANDY FALCO said, "Our first-quarter results were strong, driven by the continuing out-performance of our television properties, including our flagship network which rose to #4 in the country beating NBC among Adults 18-34 in primetime for the entire quarter. We believe UNIVISION is on the verge of a groundswell of greater allocation of ad spend due in part to the U.S. Hispanic population growth -- documented by the Census as 43% over the last 10 years -- and our expanded access to TELEVISA programming that we can now leverage through traditional cable channels, as well as digital and new media platforms, including major over-the-top distributors. As we approach this year's Upfront, we are confident that these powerful trends, coupled with key category growth and favorable pricing dynamics, will make the 2011 selling cycle a success for UNIVISION."