Univision Reports Lower Q2 Revenue, Earnings As It Woos Potential Buyers

On The Block

UNIVISION COMMUNICATIONS had a soft Q2, due to $92 million in earnings (down 24% from a year ago), a 4% decline in quarterly revenue to a little over $700 million, and a 14% drop in adjusted operating income before depreciation and amortization (OIBDA) to $265.7 million.

CEO VINCENT SADUSKY talked up the broadcaster being on the block during a morning analyst call, reports THE HOLLYWOOD REPORTER. "You've got to give this thing a good hard look. This is the last opportunity for this asset to trade," he said. "UNIVISION is independent and it will trade one time. And if you don't execute on that opportunity, I believe the opportunity is lost forever,"

When asked about UNIVISION altered its business strategy to better appeal to prospective suitors,SADUSKY said, "It really was triggered by the progress we've made in transforming and refocusing Univision and the recognition of the importance and the real growth opportunity in Hispanic media ... It was a matter of really changing our strategic focus and getting our company in a position where we are attractive."

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