Univision Q3 Revenues Up 2%
November 4, 2011 at 3:58 PM (PT)
UNIVISION reported that revenue rose 1.7% in the third quarter of 2011 to $585 million, which Pres./CEO RANDY FALCO attributed to a slight revenue gain and a range of special factors, BROADCASTING & CABLE reports. UNIVISION RADIO also enjoyed a 2% bump.
"UNIVISION's solid third quarter results reflect the continuing strength of our multi-platform properties, including our flagship television network, which beat ABC, CBS, NBC and FOX to rank #1 in primetime among adults 18-34 for the entire third quarter," FALCO said in a statement. "In the nine months since our landmark agreement with TELEVISA, UNIVISION has positioned itself to harness the full power of our expanded content, capabilities and resources to diversify revenue streams, In addition, we have been managing expenses in a challenging macroeconomic environment and capitalizing on the groundswell of advertiser demand following the 2010 Census.
"As we move into the fourth quarter and 2012, we are focused on advancing our momentum with retransmission consent negotiations and the expansion of our multi-platform content monetization strategy." he added.