Fuse lays off staff after sale
The music-oriented TV channel Fuse is laying off some staffers Thursday, its ownership tells Poynter. “We announced in early April that we reached an agreement to sell Fuse to SiTV Media, and these changes are part of that transition,” the company says in a statement.
Fuse is currently owned by the Madison Square Garden Company, which will release its third quarter earnings Friday. Last month SiTV Media's NUVOtv agreed to buy Fuse for $226 million. The companies expect the deal to close later this year, Katie Lobosco and Brian Stelter reported for CNN. MSG will retain a portion of Fuse.