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What: TV Azteca has revealed a net growth of 11% in 2017. The company also announced the sale of Azteca America.
Why it matters: TV Azteca has been reinventing itself since 2017; their strategic purpose is focusing on solid media operations in Mexico and maximum profitability abroad.

TV Azteca, one of the two largest producers of Spanish-language television programming in the world, announced financial results for the fourth quarter 2017 and full year 2017.

“TV Azteca began the reinvention process two years ago that laid the foundation for a new era,” said TV Azteca CEO Benjamín Salinas. “The content generated during 2016 and 2017 has given good results and today the audience recognizes the moment of TV Azteca with greater viewership and time spent on our screens.”

Net sales for the quarter were MX $4,005 million, 7% higher than the MX $3,727 million for the same quarter of last year.

“2018 will be a year of consolidation for TV Azteca. The challenge will be to achieve more and better monetization given the opportunity offered by a growing audience on our four broadcast networks,” added Salinas.

Domestic results

Domestic advertising sales grew 6% to MX $3,623 million from MX $3,414 million. Production, programming, and transmission costs were MX $1,862 million, 24% higher than a year ago.

Contribution generated by operations of the media business in Mexico was MX $1,761 million, compared to the MX $1,908 million of the previous year.

U.S. Exports

Content sales to the United States totaled MX $175 million, as opposed to the MX $64 million from the previous year. Revenue for the quarter resulted, to a great extent, from the sale of exhibition rights to matches of the national soccer team and teams from the first division of the Mexican soccer league.

Costs for such content were Ps.100 million, compared to Ps.43 million for the previous year. As a result, the contribution derived from this business segment was Ps.75 million this period, compared to Ps.21 million a year ago.

Sale of assets of Azteca America

TV Azteca announced that in line with the company’s strategic purpose, the company sold the assets of Azteca America to HC2 Network Inc., a holding company based in New York City.

Through this transaction, HC2 Network acquired Azteca America, some rights to part of its programming inventory, marketing, advertising sales, assets, results, and operations. The transaction also includes a seven-year programming and services agreement that will allow HC2 Network to have access, under certain rules, to TV Azteca’s library and programming in Mexico, including certain entertainment shows, talk shows, reality programs, news, series, and telenovelas.

What: New York Times Co. has released its Q3 profits beating analysts expectations with Net income  of US$9.42 million( 6 cents a share) comparing to a loss of US$12.5 million, or 8 cents, a year earlier.
Why it matters: Print ad revenue fell 1 %( better than the 12.8% decline in the second quarter). Interestingly digital advertising declined by 5%. However, the company expects digital ad sales to post a year-over-year increase again in the fourth quarter.

finals_400x400New York Times Co. third-quarter profits have beaten analysts’ expectations as the publisher had its biggest increase in digital subscribers in three years.

Key results:

  • Ad revenue fell 2.1% in the quarter, weakened by digital ad sales that dropped 5 %, a major shift from the 14% gain in the second quarter)
  • Print ad revenue fell 1 %( better than the 12.8% decline in the second quarter)
  • Circulation sales gained 1.1%, a bit higher than in the most recent quarter
    Earnings were 9 cents a share (comparing with the 6-cent average of estimates compiled by Bloomberg)
  • Revenue rose about 1% from the quarter a year earlier, to US$367.4 million(Analysts had projected US$364.7 million)
  • Operating expenses declined 7.6%, mostly because of savings on outside printing costs and distribution
  • Net income was of US$9.42 million, or 6 cents a share, compared with a loss of US$12.5 million, or 8 cents, a year earlier.

Digital boost

descargaIn addition, the company suggested digital ad sales will post a year-over-year increase again in the fourth quarter.

Lately, the company has been trying to appeal more digital subscribers and sell online-marketing messages.The newspaper is actually planning to double its digital revenue to US$800 million by 2020 by increasing the number of paid online readers and drawing more young and international subscribers.
Moreover, the company added 51,000 digital subscribers, its biggest quarterly addition since the fourth quarter of 2012. Online subscribers now total to 1 million.

The NYT is planning to double its digital revenue to US$800 million by 2020 by increasing the number of paid online readers and drawing more young and international subscribers.

The Times has also teamed up with Facebook, Google and Apple to upload stories more quickly and reach readers on smartphones.

“It was our best advertising quarter of the year, year-over-year, despite a decline in digital advertising revenue, with better performance in print. We remain bullish about our digital advertising business and expect it to return to growth in the fourth quarter,” said New York Times Co. President-CEO Mark Thompson in a statement.