Loss Widens at Univision

NEW YORK, May 16: While
first-quarter revenues at Univision Communications gained 5.8 percent to $458.8
million, the Hispanic broadcaster’s net loss more than doubled from $67 million
to $166.2 million.

Announcing the results,
Univision CEO Joe Uva noted: “I am pleased that Univision achieved another
period of positive results with both our Television and Radio businesses,
substantially outperforming the broadcast industry. The Univision Network
attracted more young adults than CBS to rank as the number four network for the
entire quarter among young adults, Univision Radio continues to deliver exceptional
audience share growth and improvement in rank in key markets, and Univision
Online forged important partnerships with CNET, the NFL and Verizon Wireless to
leverage and build on its unmatched popularity among U.S. Hispanics.”

Uva continued, “Looking to
the 2008-2009 Upfront, we feel confident in our competitive position. We are
excited to bring the new ROI tool developed with Nielsen to the market, which
will provide marketers with valuable television viewing data fused with
purchase information to help accurately target consumers, maximize their
advertising spending and grow their businesses.”

—By Mansha Daswani