You will be redirected back to your article in seconds

Univision sees big fourth quarter

Co. reports net income of $99.7 million

Univision Communications more than tripled its net income in the fourth quarter, helped by higher profits from its television unit and cost-cutting on the eve of the Spanish-language broadcaster’s sale to a private equity consortium.

In the quarter ended Dec. 31, Univision reported net income of $99.7 million — more than triple the $27.4 million in net income of a year earlier. Revenue increased 6.5% to $546.9 million. The company cut nearly $30 million from its operating expenses during the fourth quarter.

For the full year, net income increased 86% to $349.2 million, up from $187.2 million a year earlier.

Univision is set to be acquired by a private equity consortium comprising media mogul Haim Saban, Providence Equity Partners, Texas Pacific Group, Madison Dearborn Partners and Thomas H. Lee Partners; deal is expected to close in mid-March.

The acquiring group has initiated a search for a CEO to replace A. Jerrold Perenchio.

Univision’s television unit recorded revenue of $399.4 million, up 8%, helped by popular shows like “La Fea Mas Bella,” which is third in adults 18-34 at 8 p.m.

The quarter marks the first full year Univision has been the No. 5 U.S. network in any language, according to Nielsen Media Research. In the fourth quarter it averaged 1.9 million adults 18-49, compared to the CW’s 1.7 million.

More Scene

  • ‘Working Above The Line’ panel, The

    Academy's Third Annual Careers in Film Summit Inspires Young Creatives

    Univision Communications more than tripled its net income in the fourth quarter, helped by higher profits from its television unit and cost-cutting on the eve of the Spanish-language broadcaster’s sale to a private equity consortium. In the quarter ended Dec. 31, Univision reported net income of $99.7 million — more than triple the $27.4 million […]

  • Oprah Celebrates 'Wisdom of Sundays' With

    Oprah Winfrey Celebrates New Book 'Wisdom of Sundays' With Star-Studded Gospel Brunch

    Univision Communications more than tripled its net income in the fourth quarter, helped by higher profits from its television unit and cost-cutting on the eve of the Spanish-language broadcaster’s sale to a private equity consortium. In the quarter ended Dec. 31, Univision reported net income of $99.7 million — more than triple the $27.4 million […]

  • Goldie Hawn, Diane Sawyer and Melanie

    James Corden Doesn't Hold Back on Weinstein Jokes at Star-Studded AmfAR Gala L.A.

    Univision Communications more than tripled its net income in the fourth quarter, helped by higher profits from its television unit and cost-cutting on the eve of the Spanish-language broadcaster’s sale to a private equity consortium. In the quarter ended Dec. 31, Univision reported net income of $99.7 million — more than triple the $27.4 million […]

  • Andy Serkis Student Academy Awards

    Student Academy Awards Honors Winners From New York to China

    Univision Communications more than tripled its net income in the fourth quarter, helped by higher profits from its television unit and cost-cutting on the eve of the Spanish-language broadcaster’s sale to a private equity consortium. In the quarter ended Dec. 31, Univision reported net income of $99.7 million — more than triple the $27.4 million […]

  • 'Same Kind of Different as Me'

    'Same Kind of Different as Me' Stars: It's a Turning Point for Women in Hollywood

    Univision Communications more than tripled its net income in the fourth quarter, helped by higher profits from its television unit and cost-cutting on the eve of the Spanish-language broadcaster’s sale to a private equity consortium. In the quarter ended Dec. 31, Univision reported net income of $99.7 million — more than triple the $27.4 million […]

More From Our Brands

Access exclusive content