By Anna Marie de la Fuente Spanish-language media giant Univision, which earlier this year agreed to sell a majority stake to an investment group led by former Viacom CFO Wade Davis, reported first-quarter net profit of $11.7 million compared to $36.9 million for the same period ending March 31 last year.
In a conference call with investors on Friday, CEO Vince Sadusky pointed out that company revenue rose 8% to $660.4 million from $611.9 million despite the challenges posed by the COVID-19 pandemic. “Prior to the crisis, we achieved continued ratings momentum in the important February sweeps period, where we not only expanded our share lead over competitors but with an 18% portfolio ratings growth we also ranked as the fastest growing
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