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

November 2, 2017 by Veronica Villafañe

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.

Filed Under: People, TV & Radio Tagged With: Randy Falco, Univision

Reader Interactions

Comments

  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 & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here
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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here
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