Univision Swings to Quarterly Loss, CBS Misses Wall Street’s Projections

By Christine Zosche 

Spanish-language media giant Univision Communications on Thursday said it swung to a fourth-quarter loss amid lower revenue, including from a carriage dispute with Dish, and higher expenses, as well as higher impairment losses. (THR)

Research from Nielsen data and other sources indicates a “large number” of Dish subscribers have migrated to other pay-TV providers, Univision CEO Vince Sadusky said. Dish on Wednesday reported a quarterly loss of 334,000 subscribers, compared with a net gain in the year-earlier quarter, as it tussles with both Univision and HBO, which are both currently dark. (Deadline)

CBS missed Wall Street’s projections as revenues derived from content licensing and distribution fell 11 percent, even as its results were buoyed by advertising associated with the 2018 midterm elections. (Variety)

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Despite disappointing Wall Street, CEO Joseph Ianniello boasted of “best-ever quarterly and full-year results.” The exec also disclosed that CBS All Access coupled with the Showtime streaming product have exceeded 8 million subscribers a couple of years ahead of the company’s original schedule. (THR)

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