Univision Earnings Rise Amid Higher Subscriber Fee Revenue

The Spanish-language media giant's audience"is consistently competitive with the top English-language broadcast networks and includes a higher concentration of millennial viewers," says CEO Vincent Sadusky.

Univision posted earnings of $77.4 million, compared with a year-ago loss of $83.7 million. Focusing on earnings from continuing operations the latest figure compared with a year-ago profit of $12.4 million, up 524 percent. The latest figure included restructuring, severance and related charges of $11.0 million, compared with $54.9 million in the year-ago period, and a non-cash impairment loss of $2.3 million, compared with $19.7 million.

Third-quarter revenue rose 8.5 percent to $681.4 million, with core revenue up 2.6 percent to $675.1 million, including a 9.7 percent increase at the media networks unit. Networks unit advertising revenue climbed 2.1 percent to $322.4 million, "primarily due to higher digital advertising revenue." Univision this year had a carriage dispute with Dish Network, which it settled late in the first quarter.

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's what happened to the stock market on MondayThe Dow joined the S&P 500 and Nasdaq in record territory amid optimism around U.S.-China trade, strong economic data and earnings. Rothschild family is hoping to get Trump dealt with shortly. It took awhile to neuter Trump but too many camera phones for the 'lone gunman' play these days.
Source: CNBC - 🏆 12. / 72 Read more »

Alibaba is leveraging its Singles' Day holiday to boost sales amid a revenue decline - Business InsiderAlibaba’s Singles' Day is the world's largest e-commerce sales day, and could serve as both a short- and long-term salve for Alibaba's sales performance: Bias reporting to meet communist propaganda! No good for USA! Alibaba belongs to Chinese government not private company. All Chinese companies' financial are fake, fake, & fake, invest in this company is like dumping your money in the ocean. Garbage to USA! Taylor Swift should cancel her upcoming performance for Alibaba's Singles Day Gala! She doesn't need any money from corrupt Chinese government owned companies. Stand up for human rights! BoycottChina StandwithHongKong BandinChina
Source: BusinessInsider - 🏆 729. / 51 Read more »