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U.S. Political Advertising Helps Boost Q3 for TelevisaUnivision
U.S. political advertising helped and an asset sale helped boost third-quarter results for TelevisaUnivision
Gains in U.S. advertising revenue and the sale of a set of broadcasting towers helped Spanish-language giant notch increase profits in the third quarter, after the company changed its top executive in September. The company also indicated its direct-to-consumer operations, which include the ViX streaming service, have become profitable after launching two years ago. Alegre took the reins of the company after Wade Davis, the former Viacom CFO who orchestrated a buyout of Univision in 2020 before merging it with Mexico’s Grupo Televisa in 2022, ceded his CEO role to him.
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