On a day when TV industry stocks were getting pounded on Wall Street, Univision Communications President/CEO Randy Falco sounded a bit too cheerful. “I am very pleased with our quarterly results,” he said in announcing that the company focused on Hispanic consumers and multicultural millennials saw its ad revenue shrink by 17% in Q2, and its total revenue slump by 4.4%.
Why was Falco in such a good mood? Univision saw a healthy net income jump.
