Univision CFO Francisco Lopez-Balboa brushed aside reports that the company wants to buy out Disney's 50 percent stake in cable TV channel and digital media outlet Fusion as "rumors." Lopez-Balboa, speaking on the Univision earnings call with investors Tuesday, added that “we are happy with the joint venture,” and that “we are growing that asset nicely.”
According to internal data provided by sources, that growth was substantial.
Fusion more than doubled its revenue from 2014 to 2015, going from $28.1 million in 2014 to $63.5 million in 2015.
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