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Univision Targets $125 Million in Cost Cuts as Pandemic Hits Advertising

Wade Davis pandemic crisis Coronavirus
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Spanish-language media giant Univision Communications, which earlier this year agreed to sell a majority staketo an investor group led by former Viacom CFO Wade Davis, on Friday reported lower first-quarter earnings despite an 8 percent revenue gain as carriage and licensing fee gains outweighed the early negative hit from the novel coronavirus pandemic on advertising.

The company said it is targeting $125 million in cost reductions as it predicted a bigger ad impact in the current second quarter.

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United States
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Cases: 46 252 513
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Deaths: 237 619
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