DOCSLIB.ORG

FINAL Earnings Release 4Q 2014

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
FINAL Earnings Release 4Q 2014 PRESS RELEASE UNIVISION COMMUNICATIONS INC. Page 1 of 13 Contact: Media Contact: Andrew W. Hobson Stephanie Pillersdorf / Robyn Nentwig Univision Communications Inc. Sard Verbinnen & Co 212-455-5263 212-687-8080 UNIVISION COMMUNICATIONS INC. ANNOUNCES 2014 FOURTH QUARTER AND FULL YEAR RESULTS NEW YORK, NY, FEBRUARY 10, 2015 – Univision Communications Inc., the leading media company serving Hispanic America, today announced financial results for the fourth quarter and full year ended December 31, 2014. · For the fourth quarter ended December 31, 2014, net revenue increased 4.5% to $727.7 million compared to $696.2 million for the same period in 2013 and adjusted operating income before depreciation and amortization (“OIBDA”)1 increased 13.5% to $336.2 million compared to $296.1 million for the same period in 2013. · For the full year ended December 31, 2014, net revenue increased 10.8% to $2,911.4 million compared to $2,627.4 million for the same period in 2013 and OIBDA increased 11.9% to $1,253.8 million compared to $1,120.4 million for the same period in 2013. · For the full year ended December 31, 2014, the 2014 Fédération Internationale de Football Association (“FIFA”) World Cup contributed an estimated $174.2 million of incremental net advertising revenue and an estimated $22.1 million of OIBDA. “As a mission-driven company, we continue to focus on driving consumer engagement, empowering our audience and delivering culturally relevant content across our platforms throughout Univision Communications. This focus allowed us to drive innovation and deliver strong financial performance, including revenue and OIBDA growth in 2014,” said Randy Falco, President and Chief Executive Officer of Univision Communications Inc. “In 2014, we estimate, based on external and internal sources, that we expanded our reach across all platforms on average to 45 million consumers monthly, not including our estimated World Cup reach, representing a 10.1% increase from 2013. The combined networks of Univision Network, UniMás, Galavisión and Univision Deportes had the combined highest share of Spanish-language prime-time television viewing in 2014. We launched Univision Mobile, La Fabrica and The Flama.com while increasing the reach of UDN, Fusion and El Rey. Our results across properties speak to our dedication to invest, innovate and bolster our digital, entertainment, news and sports offerings.” 1 See pages 9-13 for a description of this non-GAAP term, a reconciliation to net income (loss) attributable to Univision Communications Inc. and limitations on its use. PRESS RELEASE UNIVISION COMMUNICATIONS INC. Page 2 of 13 The following table sets forth the Company’s financial performance for the three months and years ended December 31, 2014 and 2013: In thousands (Unaudited) Three Months Ended December 31, Net Revenue OIBDA 2014 2013 Variance 2014 2013 Variance Television $ 600,000 $ 594,800 0.9% $ 280,400 $ 264,900 5.9% Radio 80,500 81,600 (1.3)% 30,100 31,700 (5.0)% Digital 47,200 19,800 138.4% 25,700 (500) 5,240.0% Consolidated $ 727,700 $ 696,200 4.5% $ 336,200 $ 296,100 13.5% In thousands (Unaudited) Year Ended December 31, Net Revenue OIBDA 2014 2013 Variance 2014 2013 Variance Television $ 2,454,600 $ 2,219,900 10.6% $ 1,097,900 $ 1,004,800 9.3% Radio 302,000 329,700 (8.4)% 95,200 110,200 (13.6)% Digital 154,800 77,800 99.0% 60,700 5,400 1,024.1% Consolidated $ 2,911,400 $ 2,627,400 10.8% $ 1,253,800 $ 1,120,400 11.9% Television For the fourth quarter ended December 31, 2014, net revenue increased 0.9% to $600.0 million compared to $594.8 million in 2013 and OIBDA increased 5.9% to $280.4 million compared to $264.9 million in 2013. For the year ended December 31, 2014, net revenue increased 10.6% to $2,454.6 million compared to $2,219.9 million in 2013 and OIBDA increased 9.3% to $1,097.9 million compared to $1,004.8 million in 2013. The 2014 FIFA World Cup contributed estimated incremental net advertising revenue of $163.3 million for the year ended December 31, 2014. Estimated operating expenses associated with the World Cup were $136.6 million for the year ended December 31, 2014. For the year ended December 31, 2013, the 2013 Copa Oro and Confederation Cup soccer tournaments contributed net advertising revenue of $65.3 million and $29.4 million in operating expenses. Radio For the fourth quarter ended December 31, 2014, net revenue decreased 1.3% to $80.5 million compared to $81.6 million in 2013 and OIBDA decreased 5.0% to $30.1 million compared to $31.7 million in 2013. For the year ended December 31, 2014, net revenue decreased 8.4% to $302.0 million compared to $329.7 million in 2013 and OIBDA decreased 13.6% to $95.2 million compared to $110.2 million in 2013. The 2014 FIFA World Cup negatively impacted net advertising revenue by an estimated $7.5 million for the year ended December 31, 2014. Digital For the fourth quarter ended December 31, 2014, net revenue increased 138.4% to $47.2 million compared to $19.8 million in 2013 and OIBDA increased 5,240.0% to $25.7 million compared to $(0.5) million in 2013. For the year ended December 31, 2014, net revenue increased 99.0% to $154.8 million compared to $77.8 million in 2013 and OIBDA increased 1,024.1% to $60.7 million compared to $5.4 million in 2013. The 2014 FIFA World Cup contributed estimated incremental net advertising revenue of $18.4 million for the year ended December 31, 2014. Estimated operating expenses associated with the World Cup were $15.5 million for the year ended December 31, 2014. For the year ended December 31, 2013, the 2013 Copa Oro soccer tournament contributed net advertising revenue of $2.7 million. PRESS RELEASE UNIVISION COMMUNICATIONS INC. Page 3 of 13 CONFERENCE CALL Univision will conduct a conference call to discuss its fourth quarter and full year financial results at 11:00 a.m. ET/8:00 a.m. PT on February 12, 2015. To participate in the conference call, please dial (800) 768- 6544 (within U.S.) or (785) 830-7990 (outside U.S.) fifteen minutes prior to the start of the call and provide the following pass code: 2796672. A playback of the conference call will be available beginning at 2:00 p.m. ET, Thursday, February 12, 2015, through Thursday, February 19, 2015. To access the playback, please dial (888) 203-1112 (within U.S.) or (719) 457-0820 (outside U.S.) and enter reservation number 2796672. About Univision Communications Inc. Univision Communications Inc. (UCI) is the leading media company serving Hispanic America. The Company, a leading content creator in the U.S., includes Univision Network, one of the top five networks in the U.S. regardless of language and the most-watched Spanish-language broadcast television network in the country reaching approximately 93% of U.S. Hispanic television households; UniMás, a leading Spanish- language broadcast television network reaching approximately 87% of U.S. Hispanic television households; Univision Cable Networks, including Galavisión, the country’s leading Spanish-language cable network, as well as Univision tlnovelas, a 24-hour cable network dedicated to novelas, Univision Deportes Network, a 24-hour cable network dedicated to sports, ForoTV, a 24-hour Spanish-language cable network dedicated to news, and an additional suite of cable offerings - De Película, De Película Clásico, Bandamax, Ritmoson and Telehit; Univision Television Group, which owns and/or operates 61 television stations in major U.S. Hispanic markets and Puerto Rico; Univision Radio, the leading Hispanic radio group which owns and operates 67 radio stations in 16 of the top 25 U.S. Hispanic markets and Puerto Rico; an Interactive network of online and mobile apps and products including UVideos, a bilingual digital video network serving Hispanic America, Uforia, a music application featuring multimedia music content, including over 65 radio stations, videos, exclusive digital channels and a custom radio offering with more than 25 million songs, Univision.com, the No. 1 most-visited Spanish-language website among U.S. online Hispanics, and Univision Partner Group, a specialized advertising and publisher network. UCI’s assets also include a minority stake in El Rey Network, a 24-hour English-language network founded by maverick filmmaker Robert Rodriguez, and a joint venture with Disney/ABC Television Network for Fusion, a news, pop culture and satire TV and digital network. Headquartered in New York City, UCI has television network operations in Miami and television and radio stations and sales offices in major cities throughout the United States. For more information, please visit www.Univision.net. Safe Harbor Certain statements contained within this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases you can identify forward- looking statements by terms such as “anticipate,” “plan,” “may,” “intend,” “will,” “expect,” “believe” or the negative of these terms, and similar expressions intended to identify forward-looking statements. These forward-looking statements reflect our current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Also, these forward-looking statements present our estimates and assumptions only as of the date of this press release. We undertake no obligation to modify or revise any forward-looking statements to reflect events or circumstances occurring after the date that the forward looking statement was made. PRESS RELEASE UNIVISION COMMUNICATIONS INC. Page 4
Load more

Recommended publications
  • $10,000,000 Says Hillary Wins
    $10,000,000 Says Hillary Wins Haim Saban wants to put Clinton in the White House and take Univision public BY DEVIN LEONARD PHOTOGRAPH BY JEFF MINTON aim Saban, the billionaire chairman of Univision some of whom he said were rapists, Univision has taken an a garbage man and a disciplinarian. “I of the company’s affiliates that followed Communications, America’s largest Spanish-language adversarial stance. Nine days after Trump’s comments, the know,” he says, sitting in front of a large because so many were watching. media company, flew to Jerusalem in his private jet network canceled its plans to broadcast his Miss USA pageant. picture window through which you can Afterward, Saban says, News Corp. H on Sept. 29 to attend the funeral of his friend Shimon Trump filed a $500 million breach of contract lawsuit, alleg- see the late afternoon sun reddening the Chairman Rupert Murdoch wanted to buy Peres, Israel’s former prime minister. It was an event attended by ing Saban was interfering to benefit Clinton. (The suit was lush grounds outside. “You’re looking at his production company. “I said, ‘Bubbie, numerous world leaders. Saban gave one of them a lift: former settled confidentially.) The next month, Trump had Jorge me and thinking, ‘You were in charge of forget about it, I don’t need your money. U.S. President Bill Clinton. In Saban’s telling, it wasn’t a big deal. Ramos, Univision’s leading news anchor, tossed out of a news discipline?’ Yes, I was.” (It’s so not hard Let’s create a partnership.
    [Show full text]
  • Press Release Univision Communications Inc. Univision
    PRESS RELEASE UNIVISION COMMUNICATIONS INC. Page 1 of 11 Contact: Media Contact: Andrew W. Hobson Stephanie Pillersdorf / Brooke Gordon Univision Communications Inc. Sard Verbinnen & Co 212-455-5263 212-687-8080 UNIVISION ANNOUNCES 2013 FIRST QUARTER RESULTS CONTACT: NEW YORK, NY, APRIL 23, 2013 – Univision Communications Inc., the leading media company serving Hispanic America, today announced financial results for the first quarter ended March 31, 2013. First quarter 2013 net revenue increased 6.4% to $562.0 million from $528.4 million in 2012 and adjusted operating income before depreciation and amortization (―OIBDA‖)1 increased 22.0% to $224.2 million from $183.7 million in 2012. ―Our strong revenue growth and operating leverage are evidence that we are seeing success, while still being disciplined, in distinguishing Univision as an innovative and multi-platform media company with the brand, people, and tools to win with audiences and marketers,‖ said Randy Falco, president and chief executive officer. ―Our strategy and competitive positioning were validated when the Univision Network made history in the February Sweeps by drawing a larger primetime audience than NBC among Adults 18- 49 and Adults 18-34. During the quarter we also signed a comprehensive retransmission deal with DIRECTV which underscores the extent of our multi-platform presence, not only carrying our existing broadcast networks, but also launching our three new cable networks and making Univision content available across televisions and connected devices. We are confident that these important milestones are building significant positive momentum leading to what we anticipate will be a successful Upfront in May.‖ Falco continued, ―Along with these important achievements, we saw strong performance across our divisions throughout the first quarter.
    [Show full text]
  • Univision Communications Inc. Announces 2018 First Quarter Results
    PRESS RELEASE UNIVISION COMMUNICATIONS INC. Page 1 of 14 UNIVISION COMMUNICATIONS INC. ANNOUNCES 2018 FIRST QUARTER RESULTS TOTAL REVENUE OF $684.2 MILLION COMPARED TO $692.6 MILLION NET INCOME OF $47.4 MILLION COMPARED TO NET INCOME OF $58.1 MILLION ADJUSTED OIBDA OF $244.9 MILLION COMPARED TO $272.6 MILLION ADJUSTED CORE OIBDA OF $236.2 MILLION COMPARED TO $236.4 MILLION NEW YORK, NY – May 9, 2018 – Univision Communications Inc. (the “Company”), the leading media company serving Hispanic America, today announced financial results for the first quarter ended March 31, 2018. First Quarter 2018 Results Compared to First Quarter 2017 Results • Total revenue decreased 1.2% to $684.2 million from $692.6 million. Total core revenue1 decreased 1.2% to $672.9 million from $681.1 million. • Net income attributable to Univision Communications Inc.2 was $47.4 million compared to $58.1 million. • Adjusted OIBDA3 decreased 10.2% to $244.9 million from $272.6 million. Adjusted Core OIBDA4 decreased 0.1% to $236.2 million from $236.4 million. • Interest expense decreased 11.7% to $96.9 million from $109.7 million. The Company continued to deleverage and has reduced total indebtedness, net of cash and cash equivalents by $76.2 million for the first quarter of 2018. “Univision delivered approximately $684 million in revenue, $47 million in net income, and $245 million in Adjusted OIBDA in the first quarter. We continued to reduce our debt and year over year interest expense,” said Randy Falco, President and CEO of Univision Communications Inc. “Even with a leading portfolio of Spanish- language linear assets, a growing digital portfolio and a strong and time-tested relationship with our audience, we recognize that accelerating changes at Univision now is as important as ever given the rapid evolution in the media sector.
    [Show full text]
  • Voice of the Broadcasting Industry Volume 23, Issue 8
    August 2006 Voice of the Broadcasting Industry Volume 23, Issue 8 $8.00 USA $12.50 Canada-Foreign RADIORADIO NEWS ® NEWS Coen slashes radio forecast, Boardroom drama raises TV in Univision sale We said Bob Coen’s forecast of 4% growth at both the national The auction of Univision didn’t bring the $40 per share and local level for radio seemed pretty optimistic when he made price tag that Jerry Prenechio had hoped for, but it did his 2006 forecast last December. Indeed, the market has been conclude with some excitement. After a $35.50 bid from an much, much softer and the Universal McCann Sr. VP and Director investment group that included “Mighty Morphin’ Power of Forecasting dramatically reduced the radio numbers in his sum- Rangers” mogul Haim Saban was turned down, Televisa mer revision. He now expects national (network & spot) to grow CEO Emilio Azcarraga Jean thought his group, which in- 1% and for local radio to show no growth at all. cluded the personal investment fund of Bill Gates, had the But while Coen cut his numbers for radio, newspapers and cable, inside track to negotiate from its bid of $35.75. So Azcarraga TV is having a better year than he expected. With political ad spend- got a shock when directors of Univision were called to ing already pushing up the rates that stations are able to command, vote on acceptance of a new $36.25 bid from the Saban Coen has boosted his 2006 growth forecast for both local and na- group. Directors representing Televisa and Venevision were tional spot TV, while hanging firm on his network prediction.
    [Show full text]
  • The Challenge of Covering Health Care Policy
    May 2017 CrainsNewsPro.com The Struggle for Freedom FOIA Access Could Murky Bill Get More Difficult Page 6 of Health AHCJ Finds a Place in the Sun The Morass of Covering Health Journalists Government Health Meet in Orlando Page 8 Care Policy Page 4 Perfecting Your Pitch Selling a Story Idea Takes Serious Skill Page 10 Doctor’s Orders: Speak Plainly NBC’s John Torres Keeps it Simple Page 34 P001_NP_050817.pdf . RunDate:5/817 Full Page Color: 4/C Research & Data Center Actionable information so you can make informed business decisions Searchable Databases | Industry Rankings and Surveys | White Papers and Reports Data Search, download and Ä lter data on healthcare Ä nancials; quality & safety; M&A; and compensation. Rankings Annual lists of the largest, most, best and worst among the nation’s healthcare organizations. Surveys Learn what top healthcare leaders think by viewing results from our quarterly CEO Power Panel survey and 6 annual sector surveys. Insights White papers and reports that feature best practices and in-depth reviews of cutting-edge healthcare topics. - Free for Premium Subscribers - An entire library of content at your fi ngertips. ModernHealthcare.com/Data 17np0039.pdf RunDate:05/8/17 Full Page Color: 4/C FROM THE EDITOR CrainsNewsPro.com Precarious Health In the wake of the 2016 presidential election, covering national health policy has been a confusing and often thankless task, marked by false starts, a cacophony of voices and herky-jerky turns of events. CONTENTS No one knows what will happen as an array of possibilities loom. e only constant is that the TACKLING HEALTH CARE .................
    [Show full text]
  • 2016-LA-TRIBUTE-2016.Pdf
    THE PALEY CENTER FOR MEDIA ANNOUNCES ITS HOLLYWOOD TRIBUTE TO HISPANIC ACHIEVEMENTS IN TELEVISION PRESENTED BY VERIZON ON OCTOBER 24 IN LOS ANGELES VERIZON JOINS AS PRESENTING SPONSOR, IN RECOGNITION OF THEIR COMMITMENT TO DIVERSITY AND SUPPORT FOR THIS HISTORIC CELEBRATION The Most Influential Leaders in Television and Entertainment to Gather in Celebration, Including Presenters: Lucie Arnaz, Andrés Cantor, Oscar De La Hoya, Eugenio Derbez, Héctor Elizondo, Andy García, Eva Longoria, Jorge Ramos, Gina Rodriguez, Prince Royce, Jimmy Smits, and Wilmer Valderrama Other Guests of the Evening Include: Karina Banda, Danilo Carrera, Daisy Fuentes, Jorge Garcia, Julián Gil, Susana González, Jackie Guerrido, Fernanda Kelly, William Levy, Adriana Louvier, Cheech Marin, Raúl De Molina, Andrea Navedo, Maite Perroni, Tony Plana, Pablo "La Torre" Ramírez, Jorge Salinas, Luis Sandoval and Jomari Solano. The Occasion Celebrates the Expansion of the Hispanic Collection in the Paley Archive, the Nation’s Largest Publicly Accessible Archive of Television and Radio Programming Event Co-Chairs Include: 21st Century Fox, Fox Inclusion, Fox Television Group, FX Networks, Hearst, The Loreen Arbus Foundation, NBCUniversal and Telemundo Enterprises, and Univision Communications, Inc. Tribute Committee Includes: Cris Abrego, Chris Albrecht, Loreen Arbus, José Antonio Bastón Patino, Kevin Beggs, Peter Benedek, Carl Beverly, Casey Bloys, Steve Burke, Cesar Conde, Stephen Davis, Randy Falco, Clifford W. Gilbert-Lurie, Robert Greenblatt, Paige Hayes, Doug Herzog, Stephen Hill, Mike Hopkins, Michael E. Kassan, Steve Lafferty, Isaac Lee, Dick Lippin, Janice Min, Leslie Moonves, Steve Mosko, Jennifer Mullin, James Murdoch, Janet Murguía, David Nevins, Gary Newman, Justin Osofsky, Rick Rosen, Peter Roth, Jack Rotherham, Philip W.
    [Show full text]
  • The National Academy of Television Arts & Sciences
    THE NATIONAL ACADEMY OF TELEVISION ARTS & SCIENCES TO HONOR BROADCAST TELEVISION VISIONARY AND UNIVISION PRESIDENT & CEO RANDY FALCO AT TRUSTEES’ AWARD GALA New York, NY – February 18, 2015 – The National Academy of Television Arts & Sciences (NATAS) today announced that Randy Falco, renowned media executive and President and Chief Executive Officer of Univision Communications Inc. (UCI), will receive the prestigious Board of Trustees’ Award at a gala to be held on Thursday, June 4th, 2015 in New York City. “Randy Falco has been a trailblazer in every facet of the television business he has touched,” said Chuck Dages, Chairman, NATAS. Starting with his branding of NBC as the ‘network of the Olympics,’ leading the initiative for the NBC-Universal merger, acting as Chairman and CEO of AOL as it rebranded itself and helping transform Univision from a niche broadcast network serving the Hispanic community into a global media empire, he’s done it all. Falco is a talented and highly regarded television visionary. The NATAS Board of Trustees has wisely chosen to bestow their highest honor to a leader of unquestionable accomplishments.” RANDY FALCO Randy Falco is president and chief executive officer of Univision Communications Inc. (UCI). Under his leadership, UCI has accelerated its transformation to the multimedia powerhouse of today. UCI has quickly expanded into a top tier multimedia company with 16 broadcast, cable and digital networks; 61 television stations; 67 radio stations; an array of online and mobile apps and products and content creation facilities in Miami, New York and Los Angeles. Falco’s visionary rise began with the 1992 Barcelona Olympics, running NBC’s Olympic operations, a multi•billion dollar business that operated as a separate business group, as well as negotiated the contracts from 1992 through 2006 covering six Olympic game telecasts.
    [Show full text]
  • Televisa and Univision Strengthen and Expand Their Relationship for the Production and Distribution of Content
    For Grupo Televisa Univision Holdings, Inc. Investor Relations Investor Relations Carlos Madrazo Rainey Mancini 646-560-4973 (52 55) 5261 2445 Adam Shippee 646-560-4992 Media Relations Media Relations Alejandro Olmos Rosemary Mercedes 212-455-5335 (52 55) 4438 1205 TELEVISA AND UNIVISION STRENGTHEN AND EXPAND THEIR RELATIONSHIP FOR THE PRODUCTION AND DISTRIBUTION OF CONTENT MEXICO CITY and NEW YORK-- January 17, 2017 –Grupo Televisa, S.A.B. (“Televisa”; NYSE:TV; BMV: TLEVISA CPO) and Univision Holdings, Inc. (“Univision”) today announced a strengthened and expanded relationship between the two companies by unifying both of their content development and production efforts. Both companies will benefit from a single, integrated focus on the Hispanic audience in the United States and the domestic Mexican audience, as well as from potential cost synergies from aligned content initiatives. The News and all other operations of both companies will remain independent, and the current terms and conditions of the existing programming license agreement between Televisa and Univision remain unchanged. As part of this initiative, Isaac Lee, who currently serves as the Chief News, Entertainment & Digital Officer for Univision and Chief Executive Officer for Fusion, will assume the role of Chief Content Officer of both Televisa and Univision, effective immediately. His new role unifies the leadership and strategic direction of the production of content for consumers in the United States and Mexico. The new structure will enhance Televisa’s and Univision’s ability to serve a combined audience of approximately 175 million viewers in the United States and Mexico, with an aggregate purchasing power of close to $2 trillion dollars.
    [Show full text]
  • Univision Plans for Future Amid Continued Cost Cutting
    Univision Plans for Future Amid Continued Cost Cutting 05.04.2018 Ahead of its "Culture Unbound" upfront presentations on May 14 and 15, Univision addressed head on business issues surrounding the company as it held its NewFront on Friday. "Yes, we are going through a business review. And, yes, we are cutting costs and we are laying off employees," said Tonia O'Connor, chief revenue officer for Univision Communications Inc. The company laid off more than 150 employees in April following an initial 20 job losses that were announced earlier this year as part of a "multi-year transformation," according to a company statement. More specifically, CEO Randy Falco will exit the company by year end despite signing a two-year contract extension that would have taken him through 2020. The company canceled an initial public offering in March. And Univision is facing a heavy reported debt load, increased competition from chief rival Telemundo, and the recent departures of Gizmondo Media Group CEO Raju Narisetti, and Fusion's CEO Felipe Holguin and President and Chief Content Officer Daniel Eilemberg. Raju Narisetti joined Gizmondo less than two years ago after Univision bought the former Gawker digital media sites, which are now known as the Gizmondo Media Group, a subsidiary of Fusion. Univision has tried to diversify in the past few years with the launch of cable offshoots and investments in an array of digital media companies, including the Root, Fusion, the Onion and the assets of Gawker Media. But the sites have not been profitable despite a reported rise in traffic, and the ultimate employee reduction, according to the Wall Street Journal, is projected to hit 35 percent of the company's total workforce.
    [Show full text]
  • GE's Stock Slam Brings Breakup to Light
    CNYB 03-16-09 A 1 3/13/2009 9:20 PM Page 1 INSIDE Politicians TOP STORIES impede recovery West Side Story —Alair Townsend gives early lift on the to Broadway ® economic crisis PAGE 2 Page 11 Minor party plays major role pushing VOL. XXV, NO. 11 WWW.CRAINSNEWYORK.COM MARCH 16-22, 2009 PRICE: $3.00 millionaire’s tax PAGE 3 BAILOUT: NY Waterway owner Ruling Arthur Imperatore Sr. Magazine defies is looking for a public ad slump, makes transit agency to buy on rents real money on Web his ferry company. PAGE 3 squeezes SPECIAL REPORT landlords May owe back rent; units could return to regulation BY THERESA AGOVINO after 23 years in Stuyvesant Town, Ken Chanko and his family REAL ESTATE dreaded the idea of leaving. But FORECLOSURES HIT with the end of rent regulation for HOME IN NEW YORK their three-bedroom apartment Subprime loans prove looming, Mr. Chanko knew there undoing of thousands was no way they could afford to stay. of householders PAGE 19 buck ennis That could change. Two weeks G ago, a state court effectively barred Auctioneers provide keys landlords from deregulating apart- to unlock frozen real estate ments in buildings that receive cer- sales markets PAGE 19 tain tax breaks. Less than a week G With large leases scarce, later, Mr. Chanko filed a lawsuit landlords subdivide space against his landlord, Tishman and conquer PAGE 22 FERRY SENDS S.O.S. Speyer, demanding a renewal lease at a rent-stabilized rate. NY Waterway’s owner says next berth is Ch.
    [Show full text]
  • Company Name
    CONFERENCE CALL SCRIPT UNIVISION COMMUNICATIONS INC. 3Q17 Script November 2, 2017 11:00 a.m. ET PRE-RECORD OPENING SCRIPT Operator: Good morning and welcome to Univision’s Third Quarter 2017 Earnings Call. I would now like to turn the call over to Adam Shippee, Head of Investor Relations and Senior Vice President, Corporate Business Development. Go ahead, Mr. Shippee. Adam Shippee: Thank you and welcome, everyone. This morning, we issued an earnings press release, which along with our reporting package and a transcript of today’s call will be on our I.R. website at investors.univision.net. Some of the information discussed today will contain forward-looking statements. These statements involve risks and uncertainties, including those highlighted in our press release, that may cause actual results to differ materially from these statements. Univision is not obligated to update forward-looking information discussed on this call, except as may be required by law. We will refer to Adjusted OIBDA in our prepared remarks as EBITDA. The press release provides definitions and how we determine our non-GAAP measures including core results, details on the differences between Adjusted OIBDA and Bank Credit Adjusted OIBDA, a reconciliation of OIBDA to net income or loss and other financial definitions, including how we determine information that is pro forma for acquisitions. Unless we say otherwise, we are providing year-over-year comparisons, and for TV ratings, it is among Adults 18 to 49 in primetime. With me today are Randy Falco, President and Chief Executive Officer, Frank Lopez-Balboa, Chief Financial Officer, and Peter Lori, Deputy Chief Financial Officer and Chief Accounting Officer.
    [Show full text]
  • Univision Communications Inc. Announces 2017 First Quarter Results
    PRESS RELEASE UNIVISION COMMUNICATIONS INC. Page 1 of 14 Investor Contacts: Media Contact: Rainey Mancini 646-560-4973 Bobby Amirshahi 646-560-4902 Adam Shippee 646-560-4992 Univision Communications Inc. Univision Communications Inc. UNIVISION COMMUNICATIONS INC. ANNOUNCES 2017 FIRST QUARTER RESULTS FIRST QUARTER TOTAL REVENUE OF $692.6 MILLION, UP 4.9% NEW YORK, NY – May 11, 2017 – Univision Communications Inc. (the “Company”), the leading media company serving Hispanic America, today announced financial results for the first quarter ended March 31, 2017. Total revenue for the first quarter ended March 31, 2017 increased 4.9% to $692.6 million compared to $660.4 million for the same period in 2016. On a pro forma basis1 assuming all 2016 acquisitions occurred on January 1, 2016, after excluding for comparability political/advocacy advertising and content licensing revenue in both periods, revenue increased 0.8% to $681.1 million from $675.5 million. Net income attributable to Univision Communications Inc. for the first quarter ended March 31, 2017 was $58.1 million compared to $66.7 million for the same period in 2016. Net income attributable to Univision Communications Inc. for 2017 included the after-tax impact of a loss on the extinguishment of debt of $9.5 million which did not occur in 2016. Adjusted OIBDA2 for the first quarter ended March 31, 2017 decreased 8.0% to $272.6 million compared to $296.2 million for the same period in 2016. On a pro forma basis assuming all 2016 acquisitions occurred on January 1, 2016, after excluding for comparability political/advocacy advertising and content licensing revenue in both periods, Adjusted OIBDA decreased 5.2% to $263.0 million from $277.5 million.
    [Show full text]