Univision stock up on 2Q report

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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%.

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