UNIVISION REPORTS THIRD-QUARTER INCOME UP 128%

President Says Spanish TV Made Gains on English Network Audience

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NEW YORK (AdAge.com) -- Univision Communications reported a 128% jump in earnings for the third quarter as Spanish-language TV made inroads on English-language networks' audiences.

The media company reported net income of $20.3 million from $8.9 million in the same period in 2001. Net revenue spiked 22% increase to $269.8 million, from $221.7 million for the same period a year earlier.

Gaining shares
Ray Rodriguez, Unilever's

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president and chief operating officer, said Spanish-language during the third quarter grew by two share points, while English-language TV lost two share points.

Mr. Rodriguez said that in the top three U.S. TV markets -- New York, Los Angeles and Chicago -- more adult viewers ages 18 to 49 watched local news in Spanish than watched any of the English-language channels during the July sweeps.

He said he was confident Univision's acquisition of radio giant Hispanic Broadcasting Corp. will win government approval. The deal is expected to close by the end of this year or early in 2003.

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