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Adversely impacted by its carriage dispute with Dish Network, the loss of World Cup ad revenue to rival Telemundo, lower ratings, and the 2018 rate increase of its agreement with long-time primetime programming supplier Televisa, Univision has reported a 17.3% plunge in revenue to $628.2 million from $759.4 million for its 2018 3rd quarter results ending Sept. 30, 2018, compared to the same period last year.
Total core revenue dipped 8.2% to $648.9 million from $706.7 million in the same time frame. Consolidated ad revenue was down 16.6% to $378 million from $454 million in the prior period.
Earnings - Call - Investors - Wednesday - Univision
In an earnings call with investors Wednesday, Univision CEO Vince Sadusky said the Dish blackout was likely to be permanent. “Our talks were ongoing right up to the recent takedown of Univision Deportes Network (UDN),” he said, adding: “At the end of the day, it’s all about economics, but it’s very odd that they’ve been unwilling to recognize the power of the Hispanic consumer and the popularity of Univision programming across news, sports, and entertainment,” he said.
Last August during Dish Networks second quarter earnings call, Dish chairman Charlie Ergen told analysts that the removal of Univision channels for its satellite and Sling TV subscribers was likely to be permanent. More than 60 Univision-owned stations and cable channels, including UniMás and Galavision, were pulled from Dish’s pay-TV platforms on June 30. And just this week, Univision’s popular sports network UDN went dark on Dish.
Warns - That - Univision - TV - Blackout
Dish Warns That Univision TV Blackout 'Could Become Permanent'
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