Univision Predicts Lean Times Ahead

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Univision Communications Inc. said Monday that it probably would trim expenses as the Spanish-language media giant grappled with a worsening economy and a mountain of debt.

For the quarter that ended Sept. 30, Univision posted a $2.9-billion net loss, the result of a $3.7-billion write-down to reflect the diminished value of its core television and radio assets as well as its struggling online operation.

Chief Financial Officer Andrew Hobson warned that, despite strong television ratings, Univision’s fourth-quarter results would be “substantially worse” than those produced during the first half of the year. However, Hobson said it was premature to identify areas within the company that might be targeted for cuts because those decisions had not been made.



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