A carriage dispute that blacked Univision out on Dish Network hurt the Spanish-language media companies first quarter earnings.
The dispute was resolved in March.
Univision’s first quarter net income was $24.3 million compared to $47.4 million a year ago.
Revenue dropped 8.2% to $611.9 million.
Media Network revenue fell 8.7% to $560.6 million. Ad revenue fell 4.8% to $287 million. Non-advertising revenue dropped 12.4% to $273.6 million.
“Hispanics are expected to continue to drive significant growth in jobs, GDP, household formation and voter turnout in America,” said CEO Vince Sadusky. “We are proud to have the most trusted brand in Hispanic America. Our reprioritization on our core assets drove sequential ratings growth in the first quarter, where the Univision Network extended its season-to-date ratings lead among Adults 18-49 to double digits over our nearest competitor in primetime. This represents the second consecutive quarter of sequential primetime ratings growth without DISH carriage. With our carriage dispute resolved and increased ratings, we are looking forward to showcasing Univision’s exciting new programming slate during this Upfront season.”
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