TelevisaUnivision Cuts Expenses to Boost Q2 Profit Amid Dips in Ad, Subscription Revenue
News Source : Variety
News Summary
- Spanish-language giant TelevisaUnivision said it had to rely on trimming expenses to boost second-quarter profit.
- The company faces a decline in overall ad revenue as well as monies from subscriptions and licensing.
- Since CEO Daniel Alegre joined last year, the company has been working to streamline operations that had previously been siloed by geographic.
- They company owns media assets in both the United States and Mexico and owns the Univision broadcast network in the U.S.
Spanishlanguage giant TelevisaUnivision said it had to rely on trimming expenses to boost secondquarter profit as the company faces a decline in overall ad revenue as well as monies from subscripti [+2097 chars]
Never miss a story from us, subscribe to our newsletter