Spanish-language giant TelevisaUnivision said third-quarter profit declined as the company continued its efforts to streamline operations and downturns in linear advertising outpaced new gains in efforts to bring advertisers to streaming.
The company said net income fell to $90.5 million, compared with $180.9 million in the year-earlier quarter, when TelevisaUnivision enjoyed a gain from the sale of a portfolio of towers that weren’t core to its business. Revenue was off 3%, to $1.27 billion, compared with a little more than $1.3 billion in the year-earlier period.
“Our third-quarter results demonstrate the results of our disciplined execution of our reimagined content strategy and the continued…
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