Univision Q1 Radio Revenues Up
May 5, 2006 at 6:03 AM (PT)
UNIVISION overall first quarter net revenue rose 4% to $449.8 million, with pro forma net income up 27% to $56.5 million (pro forma diluted earnings per share up 31% to 17 cents). Radio revenues rose from $71.5 to $72.5 million, while the music division saw revenues fall from $62.2 to $47.2 million.
For the second quarter, the company expects consolidated net revenues to increase by mid to high twenties percentages and diluted earnings per share to be between 31 and 32 cents.