Univision's biggest TV-based English-language plays are channels El Rey and Fusion, which until April was a joint venture between Univision and ABC. Both channels currently reach about 40 million homes each, though executives have said there are plans to expand that footprint.
According to SEC filings, Univision had a loss of $39.9 million in 2015, primarily due to the two networks ($21.8 million on El Ray and $17.8 million on Fusion). The prior year, it said it had a loss of $82.2 million on El Ray and Fusion, $70.3 million and $11.9 million, respectively.
Univision says that 2 ½-year-old Fusion in particular has been growing, especially on digital. Website traffic to Fusion.net grew more than 300 percent in 2015. Purchasing The Root and getting a controlling stake in The Onion has helped expand Univision's total digital reach from 7 million in January 2015 to 52 million unique viewers last month, according to comScore.
The network is also rumored to be in talks to purchase Gawker Media, and sources close to the matter said Univision talked to Gawker about doing Spanish-language versions of some of its sites like Gizmodo. Univision declined to comment on rumors or speculation. Gawker has not commented on the rumors.
Fusion doubled its revenue from $28.1 million in 2014 to $63.5 million in 2015.
Further increasing its digital footprint, Univision is also expanding the Univision Creator Network, its digital group of around 100 social media influencers. Talent appears in Univision's digital properties as well as provides additional coverage for the network's TV events like the Latin Grammy Awards or Premio Lo Nuestro.
Lopez said the group is a testing ground that allows the network to see which digital creators may be able to cross over to its TV properties. It also owns and operates the digital properties created by members of this group, which gives it a clearer path to turn these shows into TV programs.
"The goal of that network for us is to really understand the influencer community, and where this market is going in terms of content creation," he said.