Friday, April 04, 2014
Diddy Loses Fuse Channel to J. Lo
Last month Sean 'Diddy' Combs and a group of investors submitted a $200 million bid for The Fuse channel in an effort to expand Diddy's Revolt Music Network [click here if you missed that].
Tough nut Diddy, the station was awarded to his ex-girlfriend Jennifer Lopez…
Jennifer Lopez's NuvoTV, a network marketed to the Latino demographic, was awarded the station after submitting a a higher bid.
J.Lo and her team won the channel after offering $226 million in cash and a 15 percent equity stake in the combined Fuse and NuvoTV Network.