7-22-14
For the second quarter ending June 30, net revenue at Univision's radio stations decreased 15.7% to $75.6 million compared to $89.7 million in 2013. The reasons the company gave for the decline were lower ratings, market revenue declines and $5.6 million in advertising revenue that shifted from Television to Radio for The World Cup.
On the TV side Univision net revenue increased 26.2% to $713.9 million compared to $565.8 million. Univision says in 2014 The World Cup will deliver $174.3 Million in advertising revenue to the company. Expenses to broadcast The World Cup will be about $154 Million. CEO Randy Falco also admitted the firing of a "major talent," (Eddie "Piolin" Sotelo) last fall had something to do with the drop in revenue. Falco also says radio is pacing down in the high single digits in Q3 and, "maybe we'll get to positive in the 4th quarter. It's not clear yet."
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