Revenue from U.S. advertising fell 5% to $467.2 million.
Privately-held TelevisaUnivision reports its bottom-line results as adjusted operating income before depreciation and amortization, or OIBDA.
In the fourth quarter, OIBDA fell 7% to $468.1 million.
TelevisaUnivision’s 2022 upfront presentationCourtesy
There also was a $1 billion non-cash impairment loss due to goodwill and on the companys FCC licenses.
Company executives are projecting Vix will become profitable later in 2024.
CEO Wade Davis noted a recent distribution renewal with Charter, operator of the No.
2 U.S. pay-TV system, Spectrum.
The agreement includes integration of Vix into a Spanish-language offering.
