J-Lo has beat Puff Daddy in the quest to buy Fuse.
SiTV Media, the parent of the Jennifer Lopez-backed English-language Latino cable network NUVOtv, has entered an agreement with the Madison Square Garden Co. to acquire its music television channel Fuse, the companies said on Friday.
SiTV will pay $226 million for the channel, which is carried in 73 million homes in the United States, and MSG will take a stake in the combined company. Hip-hop mogul Sean Combs was said to have also bid for the network.
The acquisition could greatly expand the reach of Glendale-based NUVOtv.
The purchase will enhance the company's relationships with pay-TV distributors...