Third quarter increases 4.4 % to $529.1 million
Led by an expanding television audience of young adults, revenues at leading U.S. Hispanic media company Univision Communications increased 4.4% in the third quarter to $529.1 million, compared with the same period a year ago.The prior year included $24.7 million in World Cup revenues. Without that income, revenue for Q3 2007 was up 9.8%. Company also reported gains in both radio and on its website. Because Univision is not a publicly traded company, it is not required to release its financials. It did not release profit figures, also called net income, for the quarter. During the third quarter, Univision Network surpassed CBS, ABC and the CW to rank as the No. 3 web in primetime nationwide among the 18-34 demo in the Nielsens, the company reported. Among adults 18-49, Univision kept its perch at No. 5. New owners led by the Saban Group sold the company’s music recording and publishing businesses, which are not included in these results. Company said it intends to focus on advertising-driven businesses in its core markets, and accordingly intends to sell some non-core assets. Besides music publishing and recording businesses, those assets may include some radio and television stations and excess real estate, the company said. In addition to the Univision Network, the company’s holdings include the Telefutura Network, the Galavision cable network, a 62-station television group and a 70-station radio group.
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