Univision lost $2 billion in Q4
The recession and associated write-downs, a settlement over a breach-of-contract dispute with Grupo Televisa and investment losses all took a hefty toll on Univision’s bottom line in 2008.
The Spanish-language media company today reported a fourth-quarter net loss of almost $2 billion versus a $201 million loss for Q4 2007.
The media company’s full-year loss totaled $5.1 billion, compared to a net loss of $315 million in 2007.
Net revenue in Q4 was down about 8 percent to $502 million. For the full year, revenue was down almost 3 percent to $2.02 billion.