Mediaweek
Univision CEO Joe Uva said today that the TV ad market appears to be stabilizing, based on current scatter market spending, but noted it was anyone’s guess when a full recovery might occur. “We certainly don’t expect the markets to be restored in the foreseeable future,” he said.
Uva made his comments during a conference call to discuss second-quarter earnings. For the period, ended June 30, Univision reported a 4 percent revenue decline to $520 million, with a net loss of $30 million. For the same period a year ago the company reported a net loss of $101 million.
For the first six months of the year, revenue was down 8 percent to $930 million, with a net loss of $83 million, versus a loss of $266 million for the first six months of 2008. More…