Spanish-language media giant TelevisaUnivsion said it narrowed its losses in the fourth quarter as it generated profits from its ViX streaming service and grappled with sluggish ad trends in the United States.
The owner of the Univision TV network reported a net loss of $234.7 million, compared with a loss of $809.7 million in the year earlier period. Revenue fell 2% to $1.32 billion.
“We meaningfully transformed our business and delivered on the expectations that we set at the outset of the year,” said Daniel Alegre, CEO of TelevisaUnivision, in a prepared statement. “ViX delivered record revenue, achieved profitability in every quarter, and expanded operating margins throughout the year,…
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