Friday, October 31st9.0°C
23888
23488

Jennifer Lopez-backed company buys Fuse music network for $226 million

NEW YORK, N.Y. - 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 Fuse's 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.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14578.53+119.84
S&P CDNX761.32-10.33
DJIA17354.91159.49
Nasdaq4619.358+53.22
S&P 5002012.16+17.51
CDN Dollar0.8864-0.007
Gold1164.90-33.70
Oil79.93-0.97
Lumber323.80+0.20
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.115+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.16+0.01
Cantex0.045-0.015
Anavex Life Sciences0.175+0.0039
Metalex Ventures0.03-0.005
Russel Metals32.57+0.35
Copper Mountain Mining2.03+0.06
Colorado Resources0.12-0.02
ReliaBrand Inc0.012-0.004
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.375+0.005

 



23015

FEATURED Property
17689885615 Goudie Road
1 bedrooms 1 baths
$899,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


22632