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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Evolutec Grp | LSE:EVC | London | Ordinary Share | GB00B01JLR99 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 41.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
DOW JONES NEWSWIRES
Dish Network Corp. (DISH) and Time Warner Cable Inc. (TWC) each reached multiyear agreements to deliver Univision Communications Inc.'s Spanish-language programming, a niche that has shown viewer growth in the U.S. despite a broader decline in television viewership.
Dish, the nation's second-largest satellite-TV provider behind DirecTV Group Inc. (DTV), said its agreement on Wednesday would distribute Univision, Telefutura and Galavision to its network customers.
Dish faces escalating pressure to devise a new survival strategy in the face of tough competition not only from DirecTV but also from cable providers and local-phone companies also offering television service.
Earlier Wednesday, Univision entered a program agreement with Time Warner Cable to distribute the three networks and, in certain markets, carriage of affiliated stations owned and operated by Entravision Communications Corp. (EVC) and Equity Media Holdings Corp.
In addition, Univision will join with Time Warner to deliver enhanced video services including Start Over and Look back, as well as extensive video on demand and broadband offerings.
Terms of Univision's agreements with Dish and Time Warner Cable weren't disclosed.
Time Warner Cable, the nation's second-largest cable operator behind Comcast Corp. (CMCSA), noted that Hispanics represent a growth opportunity for distributors.
The distribution agreements comes as the Univision Television Network reported audience growth of 5% in March among adults between the ages of 18 to 49, reaching more than two million viewers. In comparison, the company said the average audience of the five largest English-language networks declined by 3%.
Univision said the network has bucked the trend of viewer erosion and has one of the youngest broadcasting audiences in primetime.
The positive television results were announced two days after Univision reported its fourth-quarter net loss widened on $2.25 billion on write-downs and other charges, as television and radio revenue fell.
Univision has been hurt by an advertising slump that has affected nearly all media companies, and is struggling to make payments on nearly $10 billion of debt, as cash flow falls precipitously and cash on hand declines. Much of the debt came from the company's $12.3 billion leveraged buyout to a consortium of private investors.
Dish's shares were even in after-hours trading at $11.54, while Time Warner Cable's shares remained at $24.57.
-By John Kell, Dow Jones Newswires; 201-938-5285; john.kell@dowjones.com
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