Spanish-speaking Media-Gigantic Televisaunivisie limited its losses in the fourth quarter despite a $ 900 million non-continuous reduction and falls in the turnover of its Mexican activities after the company worked to streamline the merger that the Univision Television Network and the TV TV- Operations placed. Under the same business umbrella.
Televisaunivision said that sales in the fourth quarter fell by 1% to $ 1.3 billion, with cash due to advertising and distribution in Mexico, while the company grew in the US that the operating costs were “essentially flat” at $ 892 million .
The loss of the fourth quarter of the company came to $ 809.7 million, compared to $ 912.1 million in the period of the year. Televisaunivision said that in the fourth quarter it had not charged no more than $ 900 million of around $ 900 million “with regard to writing down licenses of television broadcast, relationships with multi-systems, affiliated relationships and trade names.”
“With our new uniform organizational structure, we are full use of the strengths of Univision in the US and Televisa in Mexico to stimulate further connectivity and to expand our impact as a global content leader,” said Daniel Alegre, who was recently CEO of the company Appointed year. “Our platforms are the home base of the best Spanish language content – from dramas and comedies to live sports, news and events – and we will remain steadfast in delivering the most dynamic offer for our audience and the most impactful solutions for our commercial partners. ”
Alegre took the reins of televisaunivisie after Wade Davis, the former Viacom CFO who orchestrated a buy -out of Univision in 2020 before he merged it in 2022 with Mexico’s Grupo Televisa, handed over his CEO rol to him. Alegre was president and chief operating officer of Activision Blizzard, who was taken over by Microsoft for $ 69 billion. Davis remains the vice-chairman of Televisaunivision.