View Count: 468 |  Publish Date: April 05, 2014
Jennifer Lopez-backed company buys Fuse
The Associated PressPosted: Friday, April 4, 2014, 3:51 PM
NEW YORK (AP) - The Jennifer Lopez-backed company that owns NUVOtv, an English-language cable entertainment network aimed at Latinos, has bought the Fuse music network.
SiTV Media said Friday it had agreed to pay $226 million to Fuses owner, the Madison Square Garden Co. SiTV reportedly outbid Revolt, the music network started by Sean Combs.
Fuse is in 73 million homes, more than twice that of NUVOtv. SiTV announced no plans to change or close Fuse, although there is precedent for companies buying networks with greater distribution in order to help their own networks grow. Al-Jazeera bought Current TV and shut Current down.
Lopez is a shareholder and chief creative officer at NUVOtv. Previous Story:Crozer in Medicare dispute with insurerNext Story: Pa. expects increase in gas-well impact fees; $224.5M due this year The Associated Press #post2 .pw-icon.ra1-pw-icon-reddit {background: url() 0px 0px no-repeat !important;width: 60px !important;height: 20px !important;margin-right:8px;}#post2 .pw-icon.ra1-pw-icon-email {background: url() 0px 0px no-repeat !important;width: 71px !important;height: 28px !important;}

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