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Univision stock up on 2Q report - Broadcasting & Cable

Univision stock up on 2Q report

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Univision Communications Inc. stock rose more than 13% Friday after better-than-expected second-quarter earnings results were reported by the company
Thursday (Aug. 7) following the markets' closing.

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 Group Inc. 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%-3%.

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