Univision stock was up 11% in midday trading Friday after better than
expected 2nd quarter earnings results were reported by the company
Thursday (Aug. 7) after the markets closed.
Univision posted a 22% gain in operating cash flow to $108 million from its
TV operations with a 4% dip in revenues to $288 million.
Separately, Sinclair Broadcast reported a 13% gain in second quarter
operating profits to $56 million on a 3% revenue gain to $196 million.
Sinclair’s third quarter guidance: Revenues down 2 to 3%.