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TelevisaUnivision Swings to Q1 Profit on Balance Sheet Improvements

Spanish-language giant TelevisaUnivision swung to a profit in the first quarter thanks to reductions in expenses

Spanish-language media giant TelevisaUnivision said its first quarter swung to a profit as the company reduced expenses and saw its streaming business gain traction, even as key areas of revenue experienced declines. The company cut back expenses while increasing cash flow, which helped it stave off the effects of a 13% decline in advertising revenue across its businesses in the U.S. and Mexico as well as a tumble of 7% in subscription and licensing fees. One of the challenges TelevisaUnivision faced this period was the absence of last year’s Spanish-language Super Bowl broadcast, which helped snare new advertising and viewership.

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