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.

  • Andrew Beaujon

    Andrew Beaujon reported on the media for Poynter from 2012 to 2015. He was previously arts editor at TBD.com and managing editor of Washington City Paper. He's the author of the 2006 book "Body Piercing Saved My Life," about Christian rock and evangelical Christian culture.

Comments

Related News

Email IconGroup 3Facebook IconLinkedIn IconsearchGroupTwitter IconGroup 2YouTube Icon