TelevisaUnivision Trims Fourth-Quarter Loss Despite Lower Ad Revenue, Touts Rising Streaming Profit

The Spanish-language media giant, led by CEO Daniel Alegre, saw ViX streaming growth continue to offset legacy TV declines and lower U.S. advertising trends.

24 Feb, 12:00 — 24 Feb, 12:38

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Why this matters

The traditional media landscape has been undergoing significant transformation, with legacy television facing declining ad revenues and viewership shifts towards streaming platforms. For a major Spanish-language media company like TelevisaUnivision, successfully transitioning to digital and making its streaming service, ViX, profitable is crucial for long-term viability. This story highlights a key industry trend where streaming growth is becoming a vital offset to challenges in traditional media segments.

Key entitiesTelevisaUnivision Daniel Alegre ViX

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varietyMostly Factual188d ago

TelevisaUnivsion Narrows Losses in Q4

Spanish-language media giant TelevisaUnivsion said it narrowed its losses in the fourth quarter as it generated profits from its ViX streaming service and grappled with sluggish ad trends in the United States. The owner of the Univision TV network reported a net loss of $234.7 million, compared with a loss of $809.7 million in the […]

By Brian Steinberg

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hollywood-reporterMostly Factual188d ago