TelevisaUnivision Posts Small Q3 Gains, Largely From U.S. Political Ads, As Daniel Alegre CEO Era Begins
deadline.comRevenue and adjusted OIBDA (a proxy for profit) inched up in the third quarter at TelevisaUnivision as CEO Daniel Alegre took the helm of the Spanish-language media giant.
Last month, Alegre replaced Wade Davis, who led a group of investors to acquire Univision and merge it with the entertainment arm of Mexico’s Grupo Televisa.
Alegre has mainly worked at tech and digital companies, most recently holding the post of president and COO of Activision Blizzard.
In the quarter ended September 30, the company said revenue inched up 2% from the year-ago period to reach $1.3 billion. Adjusted OIBDA [operating income before taxes, depreciation and amortization] went up 4% to $427 million, with the company crediting growth and profitability in its streaming unit.
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