NUVOtv to acquire Fuse Network from MSG

NUVOtv parent company SiTV Media, Inc. and The Madison Square Garden Company have reached an agreement for SiTV Media to acquire the Fuse network from MSG.  This was jointly announced today by Michael Schwimmer, CEO of SiTV Media and its NUVOtv network, and Tad Smith, President and CEO of The Madison Square Garden Company.
 
“The acquisition of Fuse represents a transformational event for us and also provides significant benefits to NUVOtv,” Mr. Schwimmer stated.  “It enhances our distribution relationships, dramatically expands our aggregate subscriber base, provides substantial economies of scale, affords unique opportunities for programming and cross-promotion and should be extremely appealing to the advertising community as we roll out our plans for both NUVOtv and Fuse.”
 
“We are pleased that Fuse has joined the SiTV Media family, and are looking forward to the continued success of the network,” said Mr. Smith.
 
Jennifer Lopez – who serves as NUVOtv’s Chief Creative Officer and is a shareholder – said, “Music is my first love so the acquisition of Fuse is near and dear to my heart.  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.”

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