But net stays No. 3 in key young demo
Univision Communications’ net revenue fell 2.4% to $511.3 million for the third quarter ended Sept. 30, continuing a downward trend that began in the second quarter.Adjusted operating income before depreciation and amortization decreased 2.7% from a year earlier to $213.7 million. The good news is that the U.S. Hispanic media giant maintained its Nielsen ranking as the No. 3 broadcast network in the country among adults 18-34, a mantle it first claimed in the second quarter. Among the 18-49 demo, Univision was again the No. 5 web nationwide in primetime. “The Univision network is currently boasting its best season start ever, with year-to-year audience growth among all major demographics for the first several weeks of the new season,” CEO Joe Uva said. “All the other major networks, ABC, CBS, Fox, NBC and CW, have seen their own audiences dwindle.” On Jan. 6, Univision and its longtime primetime programming supplier, Mexican TV giant Televisa, will go head to head in U.S. federal court. Televisa is seeking to end the programming deal, which is due to expire in 2017. It is charging Univision with material breach of contract, claiming that royalty payments were withheld.