• The Hollywood Reporter , Sunday, May 9, 2010 10:37 PM

Univision Communications on Thursday reported a narrowed first-quarter loss of $3.4 million, compared with $55.2 million in the year-ago period. A 10.6% revenue gain to $453.7 million more than offset higher operating expenses. The year-ago period figure was also dragged down by a legal settlement with Mexican broadcaster Televisa and an impairment loss.

Univision's TV and interactive units boosted their quarterly revenue, while radio was down slightly."We have continued to see a recovery in the advertising market in the first quarter and are expecting to benefit from the upswing due to a heightened interest in reaching our target demographic," said Univision president and CEO Joe Uva, adding: "We enter this year's upfront in a very strong position." Reality and variety shows, as well as dramas from recently launched Univision Studios will be part of the company's upfront presentation.

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