Radio and music divisions down from '05 levels
Even as talks swirl about its possible sale, Univision Communications continued to post an increase in profits. In its financial results for the first quarter ended March 31, 2006, the company posted net revenues of $449.8 million, up 4% from the $433 million reported for the same period in 2005.
Likewise, the company's operating income before depreciation increased 16%, up from $116.4 million in 2005 to $133.6 million in 2006. The bulk of that income derived from Univision's TV operation, which accounted for $112.5 million of the total operating income.
Although Univision's radio and music divisions posted a positive income, numbers were down from their 2005 levels. Univision Music Group, which continues to be the country's top-selling Latin music label, according to Nielsen Soundscan, reported that its first quarter revenues dropped to $47.2 million from $62.2 million in 2005. The division's income was down from $12 million to $4.3 million, and radio also saw its operating income dip from $18.9 million to $17.6 million.
Univision Communications includes the Univision Television network, the largest Spanish language network in the country; Univision Radio, the largest Spanish language radio network in the country; Univision Music Group (which includes Univision Records, Fonovisa and Disa) and univision.com.
Second quarter earnings for Univision are expected to rise thanks to World Cup programming.