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Univision Earnings Rise Amid Higher Subscriber Fee Revenue

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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.

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.

 

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