Univision, the New York-based communications company with a large Miami presence, reported gains in fourth-quarter and full-year 2013 revenues. The private media firm also announced a new digital-production unit with a location in Miami-Dade County.
Univision said its fourth-quarter revenue was $696.2 million, up 3.6 percent from $671.7 million in the same period in 2012. The overall quarterly growth included gains in the company’s television revenues but declines in radio and digital.
Univision, which said its Spanish-language programming makes it the fifth-most-watched U.S. television network in prime time, launched the English-language entertainment network Fusion from Doral in the fourth quarter of 2013.
For the year, Univision’s $2.63 billion in revenue represented a 7.6 percent jump from $2.44 billion in 2012. Media reports last year speculated that Univision could be positioning itself for an initial public offering sometime in the second half of 2014.
The company announced this month the creation of La Fabrica, an in-house digital-content arm with offices in New York and Miami. La Fabrica will create content for Univision.com and UVideos.com as well as other Univision outlets. Its first effort: a 12-episode web series called Medicina Desconocida (Strange Medicine)featuring the network’s chief medical correspondent, Dr. Juan Rivera.