September 22, 2017 10:27 AM ET

Media

Company Overview of Univision Communications Inc.

Company Overview

Univision Communications Inc. operates as a media company in Hispanic America. The company operates through two segments, Media Networks and Radio. It operates Univision Network and UniMás Spanish-language broadcast television networks; and 10 cable networks, including Galavisión, De Película, De Película Clásico, Bandamax, Ritmoson, Telehit, Univision tlnovelas, Univision Deportes Network, ForoTV, and Fusion. The company also owns and operates 59 television stations in the United States; and provides programming to 75 broadcast network station affiliates. In addition, it owns and operates 67 radio stations; and Uforia, a digital music platform, which includes 66 radio stations and a library...

605 Third Avenue

New York, NY 10158

United States

Founded in 1992

Phone:

212-455-5200

Key Executives for Univision Communications Inc.

Chief Executive Officer, President & Director
Executive Chairman
Age: 73
CFO & Executive VP
Age: 56
Chief Local Media Officer and Executive VP-Technology, Operations & Engineering
Age: 58
President of Television Station Group
Age: 60
Compensation as of Fiscal Year 2017.

Univision Communications Inc. Key Developments

Univision Communications Inc. to Redeem Partially its Senior Secured Notes Due on 2022

Univision Communications Inc. announced that pursuant to the asset sale offers, the company offered to purchase for cash: (i) up to $57,287,000 aggregate principal amount of its 6 ¾% Senior Secured Notes due 2022 (the "2022 Notes"), (ii) up to $62,049,000 aggregate principal amount of its 5 1/8% Senior Secured Notes due 2023 (the "2023 Notes") and (iii) up to $80,664,000 aggregate principal amount of its 5 1/8% Senior Secured Notes due 2025 (the "2025 Notes" and, collectively with the 2022 Notes and the 2023 Notes, the "Notes"). On September 13, 2017, the Company delivered a notice of partial redemption to the holders of its 2022 Notes announcing that it will redeem $750,000,000 aggregate principal amount of its 2022 Notes on October 13, 2017 (the "Redemption Date"). The redemption price will be equal to 103.375% of the aggregate principal amount of the 2022 Notes redeemed, plus accrued and unpaid interest thereon to the Redemption Date.

Univision Communications Inc. Announces Earnings Results for the Second Quarter and Cash Flow Results for the Six Months Ended June 30, 2017

Univision Communications Inc. announced earnings results for the second quarter and cash flow results for the six months ended June 30, 2017. Total revenue for the second quarter ended June 30, 2017 decreased 4.4% to $764.9 million compared to $800.3 million for the same period in 2016. The decline in revenue was driven by the advertising revenue that received last year from the Copa Centenario tournament that did not recur in 2017, which is partially offset by the revenue contribution from additional businesses that acquired in the second half of 2016. Total core revenue for the second quarter ended June 30, 2017 increased 5.3% to $753.5 million compared to $715.9 million for the same period in 2016. On a pro forma basis assuming all 2016 acquisitions occurred on January 1, 2016, total core revenue increased 0.7% to $753.5 million from $748.5 million. Net income attributable to Univision Communications Inc. for the second quarter ended June 30, 2017 was $106.1 million compared to $74.7 million for the same period in 2016. Net income attributable to Univision Communications Inc. for the second quarter ended June 30, 2017 included a pretax gain on sale of assets, net of $16.6 million related to the resolution of the contingent consideration associated with a broadcast television station sale in 2014. Net income attributable to Univision Communications Inc. included a pretax charge for loss on extinguishment of debt of $0.3 million for the second quarter ended June 30, 2017 compared to $16.3 million for the second quarter ended June 30, 2016. Adjusted OIBDA for the second quarter ended June 30, 2017 decreased 0.1% to $328.7 million compared to $328.9 million for the same period in 2016. On a pro forma basis assuming all 2016 acquisitions occurred on January 1, 2016, Adjusted Core OIBDA decreased 1.8% to $319.2 million from $325.0 million. For the six months ended June 30, 2017, cash flows provided by operating activities were $261.2 million compared to $210.7 million for the six months ended June 30, 2016. Capital expenditures totaled $32.7 million for the six months ended June 30, 2017 and $43.8 million for the six months ended June 30, 2016. The company reduced net debt by $214 million to $8.6 billion.

Univision Seeks IPO

Univision Communications Inc. which has been planning an IPO, but recently reportedly also saw John Malone approach its owners about a possible acquisition of a big stake, posted a second-quarter profit of $106.1 million, up 42 percent compared with a year-ago profit of $74.7 million.

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