Univision Communications' financial results for the second quarter and for the first six months ending June 30, 2009, showed the company had slowed down the revenue decline it registered for the first quarter.

Net revenue declined 4% for the second quarter of 2009, from $541.4 million in 2008 to $519.5 million in 2009. However, for the first six months of the year, net revenue declined by 7.7% to $929.8 million from $1,007.8 million in 2008.

Univision CEO Joe Uva cast the numbers in a positive light, saying, "In the first half of 2009 we built a strong foundation from which to grow for the remainder of the year, including completing 140 multi-year retransmission agreements and generating revenues in excess of our expectations."

Uva also pointed out that during the second quarter, Univision was ranked the No. 3 television network in the country during primetime among adults 18 to 34, regardless of language, according to Nielsen's National People Meter.

Locally, during the 2009 second quarter, Univision stations were ranked as the No. 1 station in any language in Los Angeles, Miami, Houston, San Antonio, Fresno, Calif., and Bakersfield, Calif., among Adults 18 to 34. In total day, Univision stations were ranked as the No. 1 station in any language among adults 18 to 34 in Los Angeles, Miami, Houston, Dallas, San Antonio, Phoenix, Sacramento, Calif., Fresno and Bakersfield.

Although net revenue for Univision's television and interactive operations declined overall for the first six months of the year, they stabilized by the second quarter. Net revenue for Univision's television operation for the second quarter ending June 30 was $414.4 million, virtually flat from the $414.2 million of 2008, as was net revenue from interactive media, which tallied $10 million.

The decline in net revenue was felt by radio, coming down to $95.1 million from $117 million in 2008.

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