That’s from its Q1 earnings call last week…from the transcript from SeekingAlpha: “During the first quarter, Univision Online continued to be profitable increasing revenues 35% and delivering pro forma operating income before depreciation and amortization of $200,000. On online growth: “We’re seeing growth in all the areas we’re in. Specific sites where we’re in joint venture with other folks like Google and so forth, and then we have advertising sales growth. On top of that we have new media like mobile and so forth which all of that is kind of in that division. So again, we’ve made investments over years and we are now not only breaking even but starting to make a little money, so again, it is only upside. The investment portion is now complete.
Later: “We have invested about $100 million in that business to get it to breakeven (Ed: is that right? That seems very high and might be a misquote), and every incremental piece of news we hear out of that division is positive.
The focus is more of a broadband portal, and I think prospectively we’ll continue to move in that. That combined with a very, very hot mobile telephone business among Hispanics is driving it.”
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