Univision Communications Third-Quarter Financials Improve

The spanish language-language media giant Univision Communications on Friday reported more powerful third-quarter financials as the conclusion increased because of a small revenue gain and a variety of special factors. The organization, brought by leader and Boss Randy Falco and chairman Haim Saban, published an every three months profit of $290 million, in comparison to some year-ago profit of $44.a million. Greater revenue growth, reduced amortization of deferred financing costs and the possible lack of a $1.8 million investment loss along with a $two million impairment loss that were a continue the entire year-ago period assisted the conclusion, despite the fact that restructuring, severance and related charges rose from $2.a million to $4.9 million. Modified operating earnings before depreciation and amortization, one other way of calculating profitability, elevated 1.9 % to $236.two million. Revenue rose 1.7 percent to $584.six million with slight gains in TV, radio and interactive media revenue. "Univision's solid third quarter results reflect the ongoing strength in our multi-platform qualities, including our flagship television network, which beat ABC, CBS, NBC and FOX to position number 1 in primetime among grown ups 18-34 for the whole third quarter," stated Falco. "Additionally, we've been controlling expenses inside a challenging macroeconomic atmosphere and benefiting around the groundswell of marketer demand following a 2010 Census." Searching ahead, the Boss stated Univision is centered on such new revenue streams as retransmission consent and digital distribution deals. "Once we transfer to the 4th quarter and 2012, we're centered on evolving our momentum with retransmission consent discussions and also the growth of our multi-platform content money making strategy," he stated."Our recent agreement with leading over-the-top distributor Hulu is only the to begin many steps we're taking to make sure that we anticipate the ever-altering media consumption habits of Hispanic customers and seed the floor for future revenue growth." Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects Univision Communications Earnings