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Post by The Ultimate Nullifier on Apr 4, 2014 7:46:04 GMT -6
variety.com/2014/tv/news/jennifer-lopezs-nuvotv-to-acquire-fuse-cabler-from-msg-1201152731/The parent company of indie cabler NuvoTV, whose shareholders including Jennifer Lopez, has reached a $226 million deal with MSG to acquire the music-centric cabler Fuse. “Music is my first love so the acquisition of Fuse is near and dear to my heart,” said Lopez, who serves as chief creative officer for NuvoTV. “It’s exciting that between NuvoTV and Fuse we’ll have the ability to deliver a broad array of terrific content both from a Latino perspective and across multiple genres, including music, to a broader audience. The acquisition of Fuse means we now own two wonderful assets. It’s a phenomenal time for our company and we look forward to growing both networks in the years ahead.” Deal calls for MSG to receive cash plus 15% of the equity in the enlarged SiTV Media parent company of NuvoTV. Among the other contenders for the cabler were Sean Combs, who recently expanded into the cable TV biz with the launch of Revolt TV.
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