Spanish-language media giant TelevisaUnivision said higher operating expenses tied to Mexican broadcasts of the Winter Olympics cut into its cash flow in the first quarter, while efforts to generate more advertising in the U.S. met with headwinds. The company has been working to bolster its balance sheet since Wade Davis, the former Viacom CFO who orchestrated […]
Higher Expenses Cut Into TelevisaUnivision Q1 Operating Income
Spanish-language media giant TelevisaUnivision said higher operating expenses tied to Mexican broadcasts of the Winter Olympics cut into its cash flow in the first quarter, while efforts to generate more advertising in the U.S. met with headwinds. The company has…
This article was originally published by
Variety
and is republished here under license.
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