Categorized | People, TV & Radio

Univision extends CEO Randy Falco’s contract; announces Q3 revenue increase

Posted on 02 November 2017. Tags: ,

Randy FalcoUnivision today announced it will keep Randy Falco as its CEO for another two years, extending his contract through January 31, 2020.

According to the company, under Falco’s leadership, Univision has “expanded its reach to an estimated 108 million average monthly unduplicated viewers and has achieved record earnings and revenue levels, driven by successful content monetization strategies, including increased subscription fees and leveraging the Company’s digital footprint,” which includes the creation of new platforms such as Univision NOW, a direct-to-consumer subscription video service and the Univision Creator Network.

Falco joined Univision as COO in January 2011, becoming CEO months in June of that year.

The news comes the same day the company released its third quarter results.

Univision reports the total revenue for the third quarter 2017 increased 5.9% to $778.2 million compared to $734.8 million for the same prior period. Total core revenue for the third quarter 2017 increased 3.9% to $725.5 million compared to $698.5 million for the same prior period. On a pro forma basis, assuming all 2016 acquisitions occurred on January 1, 2016, total core revenue increased 1.0% to $725.5 million from $718.0 million.

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- who has written 4807 posts on Media Moves.

I'm an Emmy award-winning journalist, who's worked as an on-air reporter in Spanish and English-language television news. I've worked for Univision, Telemundo, CNN en Español and Los Angeles Fox and UPN stations before diving into a convergence model at the San Jose Mercury News. I have also held management positions in the online digital sphere - first as Managing Editor of IntersectionsSouthLA.org, followed by a role as the West Coast Web editor for impreMedia. I was president of the National Association of Hispanic Journalists from 2004 to 2006. I am also a freelance writer, reporter and producer. I founded Media Moves in June of 2007.

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2 Responses to “Univision extends CEO Randy Falco’s contract; announces Q3 revenue increase”

  1. Isaac no Lee says:
    November 2, 2017 at 11:43 PM

    They can make more money if they let go more people…

  2. Pirata says:
    November 3, 2017 at 6:58 AM

    Patente de Corso !
    Hasta que la burra caiga, palo !

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Veronica Villafañe, Editor and Publisher

Veronica Villafane

I'm an Emmy award-winning journalist, who's worked as an on-air reporter, anchor, writer and producer for Spanish and English-language television, including Univision, Telemundo, CNN en Español, Fox 11 News in Los Angeles and the San Jose Mercury News, later becoming a digital media manager. I write about Hispanic media and entertainment as a regular contributor to Forbes and also freelance as an editor, reporter and producer for other media outlets. I'm a former president of the National Association of Hispanic Journalists, inducted into the Hall of Fame in August of 2016.
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