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Univision Targets $125 Million in Cost Cuts as Pandemic Hits Advertising

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

Spanish-language media giant Univision Communications, which earlier this year agreed to sell a majority staketo an investor group led by former Viacom CFO Wade Davis, on Friday reported lower first-quarter earnings despite an 8 percent revenue gain as carriage and licensing fee gains outweighed the early negative hit from the novel coronavirus pandemic on advertising.

The company said it is targeting $125 million in cost reductions as it predicted a bigger ad impact in the current second quarter.

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variety.com
Univision Q1 Profit Drops Amid Pending Sale
By Anna Marie de la Fuente
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billboard.com
Univision Targets $125 Million in Cost Cuts as Pandemic Hits Advertising
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Univision Discloses Refinanced Debt, Has $650 Million in Available Cash
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deadline.com
Univision Has $1.3 Billion In Cash Available, Says Subscriber Fees Boosted Q1 Revenue An Estimated 8% As Advertising Fell 2%
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