The drop in revenue was blamed on “market declines,” and national ad revenue (see next story). When you back out political for Q4, the decrease was 4.9% or $3.4 million. Total revenue for Univision’s radio segment in Q4 dropped at total of 12.2% to $72.1 million compared to $82.1 million in 2014. Non-advertising revenue in the radio segment (which is primarily other contractual revenue) decreased 48.6% to $3.7 million from $7.2 million. Univision owns 67 radio stations, including stations in 16 of the top 25 U.S. Hispanic markets and Puerto Rico. Total revenue — including TV, network, digital, and radio — was up 1.1% to $736 million. Read the full Q4 earnings release HERE.