EmptyUnivision Q3 revenue up 4.4%
Univision Communications' net revenue increased 4.4% in the third quarter to $529.1 million, up from $506.6 million in the same period last year, the company said Wednesday. Without counting the $24.7 million it brought in last year from the 2006 FIFA World Cup, the increase was 9.8% year-over-year. Univision Music Group's performance was excluded from those results in the latest earnings report. A consortium of private-equity groups completed its acquisition of Univision Communications this year and decided it would sell off its recording and publishing businesses "to focus our portfolio of assets on advertising-driven businesses in our core markets," the company said.
DeAgostini runs Marathon
DeAgostini's $363 million acquisition of French television content producer Marathon became official Wednesday as the deal was completed ahead of schedule. The deal, which strengthens the Italian publisher's toehold in the television sector, was initiated in July and is expected to be completed by year's end.
Pickups mixed for Axel
Thanks to acquisitions, European publishing giant Axel Springer boosted revenue in the first nine months of the year by about 9% to €1.9 billion ($2.8 billion). The cost of consolidating the acquisitions as well as a €47.8 million ($70.3 million) loss from postal services subsidiary Pin Group cut into Springer's profit, which was up 3.6% to €179.6 million ($264 million).
Carmike tumbles on Q3 news
Carmike Cinemas tumbled 19.7% on Wednesday, a day after reporting third-quarter results that disappointed Wall Street analysts. The movie theater operator posted a profit of $2 million, or 16 cents a share, but analysts were forecasting a profit of 37 cents a share. Revenue of $135.3 million also was below analyst expectations. Shares of Carmike fell $3.02 to a 52-week low of $12.32, making it Wednesday's worst performer on The Hollywood Reporter Showbiz 50 stock index.