However, in a daunting sign of the financial hurdles facing the company, Univision's first-quarter interest expense of $157.1 million surpassed its operating income for the period of $102.7 million and its cash flow from operations of $149.9 million. Its cash reserves dwindled by nearly a third to $473.1 million during the quarter.
http://online.wsj.com/article/BT-CO-20090515-713197.html
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