Wade Davis: Last News

Todd Spangler NY Digital Editor Spanish-language media giant TelevisaUnivision saw a 22% jump in pro-forma revenue for the fourth quarter in 2022, boosted by its 2022 FIFA World Cup coverage and midterm political ad spending. The company also for the first time reported audience figures for its ViX streaming service, touting more than 25 million monthly active users on the free, ad-supported tier. (It didn’t release numbers for the ViX+ subscription tier.) According to TelevisaUnivision, that makes ViX the world’s largest Spanish-language streamer. TelevisaUnivision, which was formed through the January 2022 merger of Televisa and Univision Communications, reported a net loss of $1.6 billion for Q4. That included a $1.7 billion non-cash impairment charge, primarily on its goodwill, which it said was “driven by the impact of general market conditions, including comparable market valuations and the rising interest rate environment.” The company’s impairment loss in 2022 related to the write-down of goodwill, TV broadcast licenses, tradenames and program rights.

Media ratings collective OpenAP, along with national programmers Fox, NBCUniversal, Paramount, TelevisaUnivision, and Warner Bros. Discovery and the Video Advertising Bureau have formed a joint committee to push alternatives to Nielsen numbers.

Privately held Hispanic media giant TelevisaUnivision reported a 5% uptick in third-quarter revenue, to $1.2 billion, but said investments in streaming caused operating income to dip 4%.

TelevisaUnivision has elevated company veteran Ignacio “Nacho” Meyer to the role of president of U.S. networks.

In its first full quarter of results, TelevisaUnivision reported a modest uptick in revenue and reiterated its belief in having a unique market opportunity, though its adjusted income faltered due to investments in streaming.

Brian Steinberg Senior TV EditorLuis Silberwasser is getting ready to till new terrain on a familiar piece of ground.The veteran TV executive, who has in recent years become a top content executive in Spanish-language media, has been named to head up the broader sports business for Warner Bros. Discovery, according to a person familiar with the matter.

Jennifer Maas TV Business WriterTelevisaUnivision CEO Wade Davis explained the key differences he sees in the strategy used for the company’s ViX streaming platform, which currently consists of a free, ad-supported tier and will add a subscription premium level later this year, and those utilized by larger streamers or ones who are looking to get into the hybrid model.“Our market is very different,” Davis said during the TelevisaUnivision Q1 call with analysts Wednesday. “Our audience, both in the U.S.

Jennifer Maas TV Business WriterTelevisaUnivision revealed Univision Communications fourth-quarter 2021 financial results Wednesday, saying the company held its ad sales steady compared to the prior year and increased its subscription revenue 15% versus Q4 2020.Per the privately owned company, ad sales were up 0.1% in the three-month period ended Dec. 31, at $435.2 million versus $434.8 million. Core advertising revenue, which is adjusted for political and advocacy ads, rose 12% to $407 million compared to $363 million in Q4 2020.Meanwhile, subscription fee revenue was up 15% ($294.5 million vs.

Mexico-based Grupo Televisa and Univision have closed their $4.8 billion merger, uniting their vast Spanish-language media and production holdings in the U.S. and Mexico.