Financial Roundup

09 August 2004

USA (calendar Q2)

  • DirecTV
    The American satellite broadcaster, controlled by Rupert Murdoch's News Corporation, recorded a 21% rise in second quarter revenue to $2.64 billion (€2.2bn; £1.4bn). It also gained 455,000 new subscribers over the period and looks set to achieve its target of adding three million new customers over the next three years.
       Despite this, it posted a net loss of $13 million compared with a profit of $22m in the second quarter of 2003, as operating profits slumped to $143m from $251m.

    USA (calendar Q2)
  • UnivisionCommunications
    The Spanish-language media giant reported a second quarter profits lift that more than doubled its income compared with the same period last year. Net income was $83.7 million (€68.4m; £45.5m), alongside $41.6 net earnings in Q2 2003.
       The result bettered analysts' predictions and chairman/ceo A Jerrold Perenchio attributed the growth to "strong quarterly performance at each of our divisions as advertisers continued to increase their commitment to building brands nationally and locally through our Spanish-language media assets".
       Television networks, radio stations and record labels contributed most to the rise, posting a 55% increase in net revenue of $495.3m from $320.2m in the same period last year.
       The company also said its television operations climbed 21.5% to $349.7m from $287.9m

    Data sourced from: multiple sources; additional content by WARC staff