The Spanish-language media giant Univision Communications will lay off almost 6 percent of its workforce — between 200 and 250 people — after it slipped into the red last quarter, the company announced Wednesday.
The layoffs, along with a planned restructuring, “are in response to difficult times, challenging times,” Isaac Lee, Univision’s digital, entertainment and news chief, told The Washington Post in his first public comments on the moves. “We need to position ourselves for the future.”
Univision had a third-quarter net loss of $30.5 million on total revenue of $735 million, down 8 percent.
As its traditional audience of Latino television watchers becomes older or cuts the cord, the company will also continue to chase what it sees as its savior: the English-language, digital, millennial audience.
The rest is at WaPoo
No,no puede
So Univision slipped into the red. Funny – the US did the same thing on November 8th.
Awww too bad soo sad!!
Univision should expand into China….The Chinese demographic is huge!….
I’ll give you three guesses and the first two don’t count.
maybe they can hire illegals. I understand they will do the job for a lot less…
Irate Nate wins the internet tonight!
Adios amigos. Vaya con Dios.
If you don’t speak Spanish that means fuck OFF douche nozzles. Get out of my country.
Roughly.
tan triste para ti…
These are the same pricks who bought Gawker.. I hope the whole company goes bankrupt..
6%? It’s a start.
Air head (how do ya say cocksuckers in Spanish?) are too stupid to learn from the mistakes the NYTs has been making for years. Hey, dumb asses, wanna take a wild guess why all leftist publications are going outta business? And you thought you could make the same mistakes and survive? (how do ya say insane cocksuckers in Spanish?)
Well now why don’t all these ass wipe celebrities who want to leave the US trot on down to Mejico and volunteer their services at Unibrow.
Back to the lettice fields until further notice.
@judgeroybean
insane cocksuckers in Spanish is loco barracko
Ah ha ha ha ha ha ha ha ha, suck it Haim Saban! You deserve to be punished after supporting Hitlery and what you did to Noam, the great singer of France!
Vaya con carne.
Please tell me that the dreadful Jorge Ramos got the axe. Please!
Bueno.