Univision Communications reported its third quarter results (PDF of press release). The Univision Music Group division posted a loss of $1.7 million (before depreciation and amortization) on revenues that decreased 42% year over year. For the nine months ending September 30, 2006, music division revenues were down 34%.

Univision Music Group had 33 of the top 100 Latin albums sold in the quarter but blamed its poor performance on "underperforming releases, slippage in the release schedule and a continued high level of returns compounded by political and economic factors impacting music sales in the industry." The label has on its roster such artists as Los Tucanes de Tijuana and El Papa de los Pollitos.