Broadcaster posts slight gain, bullish with results
U.S. Hispanic media conglom Univision Communications reported fourth-quarter revenue of $515.9 million, up a slight 2.1% vs. the same period in 2008. Overall net revenue for the full 2009 dipped 2.9% to $1.97 billion from $2 billion the year before.But the company remains bullish. “Univision made significant strides in many areas in 2009, even while navigating through a very challenging economic environment,” prexy-CEO Joe Uva said. “We diversified our revenue streams through new retransmission consent agreements and key strategic partnerships; enhanced our future content offerings and production capabilities through the launch of Univision Studios; delivered strong, competitive ratings and maintained our strong leadership positions across all platforms; and effectively managed our balance sheet and strengthened our capital structure for the long term,” he added. Univision’s TV revs rose 7% to $420.1 million in the fourth quarter, up from $392.8 million in the same period a year earlier. Radio revs dipped to $83.7 million from $99.4 million, and interactive media posted $12.1 million, down from $13 million in the previous fourth quarter. Company expects robust earnings in 2010 from June’s FIFA World Cup tournament in South Africa. Univision Network continued to rank as the fifth-most-watched net in primetime among adults 18-34 and 18-49 in the fourth quarter. Sister channel TeleFutura announced strong primetime audience growth of 49% among key demos, making it the No. 2 Spanish-language channel in the market.