×
You will be redirected back to your article in seconds

Dish Network Battle, Gizmodo Losses Take Toll on Univision Q4 Earnings

Impacted by its ongoing dispute with Dish Network, increased expenses and impairment losses, U.S. Hispanic media giant Univision reported an 8.9% decline in fourth-quarter total revenue to $688.5 million from $755.5 million in the year prior.

In comparing the full year of 2018 with the previous year, total revenue fell 7.6% to $2,713.8 million from $2,937.3 million. Total core revenue dipped 5.4% to $2,674.2 million from $2,827.3 million.

Last year, the Company began the process of selling its discontinued English-language digital businesses, including the Gizmodo Media Group, The Onion and Fusion Digital. According to Univision, the loss from the Gizmodo group in the quarter was $32.5 million compared to $3.0 million for the year-ago period. The Wall Street Journal reported that Univision has written down the value of those digital assets to $15 million, down from $135 million.

“Univision serves a unique audience,” said Vince Sadusky, CEO of Univision. “Hispanic America is driving population and GDP growth and will continue to do so for decades,” he said, adding: “Our strategic focus on serving this core audience has recently resulted in viewership growth, as from the third to fourth quarter, we saw increases in our primetime ratings in all key demographics at a time when all other major networks experienced declines.”

Sadusky, in his second earnings call since taking over the helm from Randy Falco, cited the “gangbuster ratings” of its “Dancing with the Stars” adaptation, “Mira Quien Baila” which scored highest among the 18-24 demo.

Sadusky stressed that Univision was focusing on reinforcing its core business, and hailed its long-time programming supplier, Mexico’s Televisa, for reinvigorating its programming. Company has also turned to more acquisitions of canned shows and formats, more soccer content, live shows and local news to bolster its programming.

Operating expenses rose due to its newly acquired UEFA soccer rights, more Mexican soccer league matches and a higher Televisa licensing fee. Direct operating expenses jumped 11% to $287.6 million, with selling, general and administrative expenses increasing 11 percent to $176.5 million.

Sadusky concurred with Dish president and CEO Erik Carlson’s comments a day earlier that the contract dispute talks between the two companies remained at a stalemate.

“We continue to have discussions with Dish. It’s clear that not doing a deal for both companies is harmful to both companies. It’s just down to a matter of value,” said Sadusky who observed that subscribers have been migrating to Dish’s rival companies.

“Our other partners that are paying us a fair amount, we have a good relationship with and believe continue to benefit from the migration of Dish viewers,” he said. Dish’s satellite service subs fell below the 10 million mark for the first time in 15 years, which it partly attributed to its Univision and HBO blackouts.

More TV

  • BBC Orders Spoof Talk Show Fronted

    Spoof Talk Show Fronted by an Animated Vladimir Putin Coming to the BBC

    The BBC will air a spoof talk-show fronted by an animated Vladimir Putin. The U.K. pubcaster has ordered two pilot episodes of “Tonight With Vladimir Putin,” a semi-scripted talk show hosted by a CGI representation of the Russian leader. The first guest will be Alistair Campbell, a former high-ranking political spin doctor in the U.K. [...]

  • Upcoming Fantasy Shows Like 'Game of

    10 Upcoming Shows to Watch if You're Mourning 'Game of Thrones'

    Millions of people’s Sunday night routines are ruined now that “Game of Thrones” is over, and there are holes in their hearts as big as the hole in The Wall that are aching for a new fantasy series to fill them. Several prequel series are on their way, but as there’s no word on just [...]

  • Game of Thrones Composer Ramin Djawadi

    'Game of Thrones' Composer Ramin Djawadi: 'I'm Still in Denial'

    Since the first season, Ramin Djawadi has composed the music for “Game of Thrones” and created the epic tunes, including the iconic theme song, heard over the series’ most memorable moments. With the series finished, he talked with Zane Lowe on Apple Music’s Beats 1 about his experience on the show and an upcoming 20-city [...]

  • TUPAC SHAKUR black panther collection

    ‘Defiant Ones’ Director to Helm Docuseries on Tupac, Who Assaulted Him in 1993

    Director Allen Hughes, who helmed the award-winning HBO documentary “The Defiant Ones,” has closed a deal with Tupac Shakur’s estate for a five-part docuseries for which he will have full access to all of the late rapper’s released and unreleased recordings, writings and poetry, according to an announcement from his rep. The announcement says the [...]

  • Ellen DeGeneres -- The Ellen Show

    Ellen DeGeneres Extends Daytime Talk Show Run Through 2022

    Ellen DeGeneres is sticking with her daytime talk show. DeGeneres announced Tuesday that she has signed a new deal to continue hosting “The Ellen DeGeneres Show” through 2022. There had been rumors for some time that DeGeneres was planning to leave the show when her current contract was up in 2020, something she leaned into [...]

  • How YouTube Is Trying to Get

    How YouTube Is Trying to Get Will Smith His First-Ever Emmy Nomination (EXCLUSIVE)

    YouTube could be the key to Will Smith finally earning a Primetime Emmy nomination — or win. The superstar Formerly Known as the Fresh Prince has been nominated for two Academy Awards, five Golden Globes and one Screen Actors Guild Award, and has won four Grammys (out of eight nominations). Yet a Primetime Emmy nomination [...]

More From Our Brands

Access exclusive content