Despite facing a $900 million non-cash impairment charge and decreases in revenue from its Mexican operations, Spanish-language media conglomerate TelevisaUnivision managed to reduce its losses during the fourth quarter. This improvement is attributed to the company’s efforts to consolidate their merger, which brought Univision’s television network and Televisa’s TV operations under a unified corporate structure.
TelevisaUnivision reported a 1% decrease in fourth-quarter revenue to approximately $1.3 billion. This decline was primarily due to a drop in advertising and distribution income in Mexico, while there was growth in this area for the U.S. The company stated that their operating expenses remained relatively stable at around $892 million.
In the last quarter, the company reported a loss amounting to approximately $809.7 million, which was less than the $912.1 million loss during the same period the previous year. TelevisaUnivision explained that they incurred a non-cash impairment charge of around $900 million in the last quarter due to a decrease in the value of their television broadcast licenses, cable service relationships, affiliate partnerships, and brand names.
The company experienced a loss of about $809.7 million in its fourth quarter, which was less than the loss of $912.1 million during the same period last year. TelevisaUnivision stated that they recorded a non-cash impairment charge of approximately $900 million in the fourth quarter as a result of writing down the value of their television broadcast licenses, cable service agreements, affiliate relationships, and trademarks.
In our newly combined organizational setup, we are leveraging the strong points of Univision in the United States and Televisa in Mexico to boost connectivity and widen our influence as a leading provider of global content,” said Daniel Alegre, who took on the CEO role last year. “Our platforms house the finest Spanish-language content – ranging from dramas, comedies, live sports, news, and events – and we remain committed to providing the most engaging content for our viewers and effective solutions for our business partners.
After Wade Davis, the former CFO of Viacom who oversaw the acquisition of Univision in 2020 and its subsequent merger with Grupo Televisa in Mexico in 2022, stepped down as CEO, Alegre was appointed to take his place. Prior to this, Alegre held positions as president and COO at Activision Blizzard, a company that was purchased by Microsoft for $69 billion. Davis currently serves as vice-chairman of TelevisaUnivision.
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2025-02-20 15:16