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Univision Forecasts Revenue Fall Ahead of Televisa Merger
Spanish-language media giant Univision Communications, which recently unveiled a $4.8 billion deal to combine media, production and content assets with Mexico's Televisa, has unveiled financial metrics and preliminary first quarter results as it considers potential financing transactions and market opportunities. On Monday, Univision, which is led by CEO Wade Davis, forecast overall revenues of $634 million, down 4 percent from a year-earlier $660 million, for the three months to March 31 due to subscriber losses that were partly offset by advertising revenue rising four percent.