Univision Revenue Down In Second Quarter

Q2

UNIVISION COMMUNICATIONS INC. total revenue declined 2% year-to-year to $749.8 million for second quarter 2018, with total core revenue (excluding political and content licensing revenue) off 3.1% to $730.3 million. Total radio segment revenue also fell 3.1% to $64.7 million, with total radio core revenue off 5.5% to $60.5 million. Ad revenue for radio dropped 3.6% to $61.7 million. Net income rose from $106.1 million to $114.3 million.

“It’s an honor and privilege to serve as the CEO of UNIVISION," said new CEO VINCE SADUSKY. "This is a company that I have long admired as one of the great franchises in U.S. media and for its important mission to serve the Hispanic community. Despite a rapidly evolving media landscape, the company has a lot to be optimistic about and an incredibly strong foundation to build from. We provide unparalleled access to a coveted and fast growing consumer group with increasing buying power. While our foundation is strong, UNIVISION has gone through a significant amount of change over the last few months. We are starting an exciting new chapter with a singular focus on our core business and mission: to inform, entertain and empower Hispanic AMERICA.”  The company has put its Anglo- and Millennial-focused digital properties, GIZMODO MEDIA GROUP and THE ONION, up for sale, and is rumored to be looking to sell its radio stations or partner with another company to operate some of its radio properties.

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