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Brian Steinberg
Senior TV Editor
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Courtesy of TelevisaUnivision Spanish-language media giant TelevisaUnivision said higher operating expenses tied to Mexican broadcasts of the Winter Olympics cut into its cash flow in the first quarter, while efforts to generate more advertising in the U.S. met with headwinds.
The company has been working to bolster its balance sheet since Wade Davis, the former Viacom CFO who orchestrated a buyout of Univision in 2020 before merging it with Mexico’s Grupo Televisa in 2022, ceded his CEO role to Daniel Alegre, a former senior executive at Activision Blizzard. Since Alegre joined in 2024, TelevisaUnivision has worked to streamline operations that had previously been siloed by geographic region. The company owns media assets in both the United States and Mexico.
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