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ENTERTAINMENT
April 23, 2013 | By Meg James
Univision Communications notched some milestones during the first fiscal quarter of this year, including beating beleaguered NBC during the February sweeps. The privately held Spanish-language media company on Tuesday released its first-quarter earnings, which saw a 6.4% increase in revenue to $562 million. During the first quarter of 2012, the company generated $528 million in revenue. For the quarter ended March 31, net income came in at $9 million, compared with a $14-million loss in the first quarter of 2012.
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ENTERTAINMENT
April 3, 2014 | By Meg James
Univision Communications is restructuring its radio division, eliminating dozens of workers at stations around the country as the company centralizes its programming functions. Univision confirmed Thursday that there had been layoffs, but it declined to say how many people had lost their jobs as part of this week's realignment. The nation's largest Spanish-language media company, which owns 68 radio stations, this week began trimming programming staff and some on-air hosts, including in Chicago, in an effort to cut costs.
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BUSINESS
May 2, 2001 | Reuters
Univision Communications Inc., the largest U.S. Spanish-language television network, posted sharply lower first-quarter earnings and said full-year results would be hurt by the launch of its music business and a second Spanish language network in 2002. The Los Angeles-based firm, known for its entertainment programs and soap operas, said its earnings fell 71% to $5.9 million from $20.7 million in the 2000 first quarter, after charges for cost-cutting and losses at its Internet business.
ENTERTAINMENT
October 9, 2013 | By Meg James
Spanish-language media giant Univision Communications and Time Warner Cable have signed a new, multiyear distribution deal that includes carriage of several of Univision's new networks including the highly anticipated El Rey Network. The companies unveiled the agreement Wednesday afternoon. Financial terms were not disclosed, but the pact came well in advance of the expiration of the companies' current arrangement and was not contentious.  The arrangement provides continued distribution for the main Univision broadcast network, its secondary network UniMás and cable entertainment channel Galavisión, plus a slate of new networks: Univision Deportes, telenovela network Univision tlNovelas, and FOROtv, a feed of the Mexico City-based news network owned by Grupo Televisa, which holds a minority stake in Univision.
BUSINESS
September 22, 2011 | By Meg James, Los Angeles Times
NBCUniversal's surprise pick to run its Spanish-language television operation Telemundo must pull off a particularly difficult task: clawing deep into a market dominated by entrenched powerhouse Univision Communications. "This is going to be a lot of work but a lot of fun," Emilio Romano said in an interview Wednesday, after the media veteran and former top airline executive was named president of Telemundo. Romano starts his new job in October. He replaces former President Don Browne, a longtime NBC executive who retired in June.
BUSINESS
June 19, 2008 | From Times Wire Services
Univision Communications Inc. said a trial over Grupo Televisa's lawsuit on program rights would be delayed until Oct. 14. A U.S. district court judge in Los Angeles postponed the trial, which had been scheduled to start July 1, New York-based Univision said.
BUSINESS
May 5, 2005 | From Reuters
Spanish-language broadcaster Univision Communications Inc. said that first-quarter earnings jumped 41% as advertisers committed more of their budgets to reaching U.S. Latino consumers. Los Angeles-based Univision said quarterly profit outpaced analysts' estimates at $44.5 million, or 13 cents a share, up from $31.6 million, or 9 cents, a year earlier. Revenue grew 23% to $433 million from $352.9 million.
BUSINESS
September 6, 2008 | From Times Wire Services
Mexican media giant Grupo Televisa asked a Los Angeles County Superior Court judge to decide whether Univision Communications Inc. has the rights to Mexican League soccer telecasts beyond Sept. 28. Televisa, which owns three soccer teams, contends that its deal with Univision ends this month, allowing it to shop the TV rights to another broadcaster. Univision says it is entitled to the Mexican League games through 2017. Separately, Televisa's battle to terminate its long-term programming pact with Univision is scheduled to go to trial Oct. 14 in Los Angeles.
BUSINESS
April 7, 2009 | TIMES STAFF AND WIRE REPORTS
Univision Communications Inc., the largest U.S. Spanish-language broadcaster, said it entered into a three-year, $250-million revolving credit facility that would provide working capital. The interest rate will be 4.5 percentage points above the London interbank offered rate with a 3% floor, the New York company said in a filing with the Securities Exchange Commission. Moody's in December downgraded Univision's corporate debt rating to B3, six levels below investment grade, from B2, citing expected weak advertising spending next year.
BUSINESS
September 30, 2008 | From Times Wire Services
Grupo Televisa, Mexico's biggest broadcaster, signaled a switch from U.S. distribution partner Univision Communications Inc. after it agreed to let Telemundo carry Mexican league soccer games in the U.S., a Banco Santander analyst said. The agreement with Hialeah, Fla.-based Telemundo, controlled by General Electric Co., shows that Televisa is seeking an alternative, analyst Gregorio Tomassi wrote in a report. Televisa's 2006 lawsuit to end New York-based Univision's agreement to carry its programs in the U.S. is scheduled to be heard in a U.S. court Jan. 6 after two delays this year.
ENTERTAINMENT
August 7, 2013 | By Meg James
Telemundo's original productions are starting to pay dividends for NBCUniversal. Monday night's series finale of the Spanish-language telenovela , "El Señor de los Cielos," (translated as "The Lord of the Skies") attracted 3.6 million viewers, making it the second-highest-rated ending for a telenovela in Telemundo's history. Shot primarily in Mexico City, the novela was based on the true story of Aurelio Casillas, a powerful Mexican drug lord of the 1990s. ON LOCATION: Where the cameras roll The prime-time series, one of the most expensive ever for Telemundo, was a co-production of Telemundo Studios and the Colombian venture Caracol TV. The show featured actors Rafael Amaya, Ximena Herrera, Fernanda Castillo and Gabriel Porras.
ENTERTAINMENT
August 6, 2013 | By Meg James
Former Univision Radio star Eddie "Piolin" Sotelo says he is a victim of a smear campaign being waged against him by former performers on his once-popular program "Piolín por la Mañana. " "For the past week, I have remained silent as some former disgruntled Univision employees have made false accusations about me," Sotelo said in a statement released this week. "I did not want to dignify their lies by responding. But enough is enough. " Until two weeks ago, Sotelo hosted the nationally syndicated "Piolín por la Mañana" radio program, which aired in Los Angeles on Univision Radio's KSCA-FM (101.9)
ENTERTAINMENT
July 23, 2013 | By Meg James
More than three-quarters of all Latino adults get their news in English, according to a comprehensive study released Tuesday by the Pew Research Center. The Pew Hispanic Center's 2012 National Survey of Latinos found that 82% of Latino adults said they obtained at least some of their news in English - up from 78% in a 2006 survey. The increase was propelled by a growing number of Latinos who said they seek their news exclusively from English language sources. Nearly a third of Latino adults surveyed said they get all of their news in English, up from 22% in 2006.
ENTERTAINMENT
May 14, 2013 | By Yvonne Villarreal and Meg James
NEW YORK -- Univision intends to remain the king. The nation's largest Spanish-language media company, Univision Communications, on Tuesday said it has made a financial investment in the planned El Rey cable channel owned by Hollywood director Robert Rodriguez and FactoryMade Ventures. El Rey, which means "the king" in Spanish, is expected to launch in December and target male Latinos under 35 with English-language programming. El Rey becomes the second planned English-language network to capture Univision investment.
ENTERTAINMENT
April 23, 2013 | By Meg James
Univision Communications notched some milestones during the first fiscal quarter of this year, including beating beleaguered NBC during the February sweeps. The privately held Spanish-language media company on Tuesday released its first-quarter earnings, which saw a 6.4% increase in revenue to $562 million. During the first quarter of 2012, the company generated $528 million in revenue. For the quarter ended March 31, net income came in at $9 million, compared with a $14-million loss in the first quarter of 2012.
ENTERTAINMENT
January 24, 2013 | By Meg James
Prominent investors are merging their businesses - including a Spanish-language cable movie channel and a Puerto Rican television network  - to form a new public company to be known as Hemisphere Media Group. Investment groups InterMedia Partners VII and Los Angeles-based Azteca Acquisition Corp. said they have agreed to combine their Spanish-language properties and financial resources in a transaction valued at $400 million. Gabriel Brener, a wealthy Los Angeles investor, is contributing the $100 million that Azteca Acquisition, his special-purpose acquisition company, raised in its initial public offering in 2011.
BUSINESS
May 10, 2002 | Bloomberg News
Univision Communications, the largest U.S. Spanish-language television network, posted a first-quarter loss of $900,000 because of an expense from its 31% stake in Entravision Communications Corp. A year earlier, the company reported net income of $6 million, or 3 cents a share. Sales rose 10% to $214.4 million from $194.9 million. Excluding costs for Entravision, Univision said it would have earned $7.6 million, or 3 cents a share. Univision had $8.
BUSINESS
May 7, 2004 | From Associated Press
Univision Communications Inc.'s first-quarter profit more than doubled on the strength of higher ratings at the Spanish-language broadcaster's radio and television stations and three networks. Univision on Thursday reported net income of $31.6 million, or 9 cents a share, in the quarter ended March 31, compared with $12.8 million, or 5 cents a share, in the same period last year. Analysts surveyed by Thomson First Call had expected Univision to earn 8 cents a share for the quarter.
ENTERTAINMENT
January 7, 2013 | By Meg James, Los Angeles Times
With the Spanish-language television space heating up, industry leader Univision Communications Inc. is making an aggressive move to solidify its dominance. On Monday, the media company plans to rename its secondary broadcast network UniMas, which translates loosely as Univision Plus, underlining its ties to its hugely popular sister network Univision. The company also is locking up rights to programs from key Latin American producers to buffet gains from the flood of competitors charging the field.
BUSINESS
December 10, 2012 | By Meg James, Los Angeles Times
Telemundo has long been like a remote Caribbean island, cut off from its sprawling media homeland. NBCUniversal acquired the Spanish-language television network a decade ago for $2 billion but became discouraged by its seemingly limited prospects. But Comcast Corp.'s takeover of NBCUniversal last year may be building Telemundo a bridge to the mainland. "Telemundo now has the full support of Comcast and NBCUniversal," said Emilio Romano, a former Mexican airline chief executive who was hired a year ago to run Telemundo.
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