Tuesday, October 27, 2015

Univision, preparing for an IPO, reports 10% higher third-quarter revenue

Spanish-language media giant Univision Communications reported improved financials in its fiscal third quarter, including 10% higher revenue compared with the year-earlier period.

The privately held media company has been preparing for its long-awaited public stock offering. Top managers on Tuesday, however, declined to say whether company owners planned to push forward with the partial offering this year or wait for the turbulence to settle down on Wall Street.

Instead, the executives focused on demonstrating that they have been making strides in operations, including its portfolio of cable television networks. Galavision and the sports network, Univision Deportes, have shown ratings strength.

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