Mar
30
Univision’s Fourth-Quarter, Full-Year Losses Expand in 2008
Posted in: UncategorizedNEW YORK (AdAge.com) — Mired in debt and falling ad sales, Univision Communications posted a 7.8% drop in net revenue, to $502.1 million, for the fourth quarter of 2008 and a net loss of $1.99 billion, compared with a net loss of $201.5 million for the same period in 2007. For the full year, the Spanish-language media company reported a 2.5% decline in 2008 net revenue to $2 million. Univision's full-year net loss for 2008 was $5.1 billion, compared with $314.9 million in 2007.
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