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Fuse Media Files For Chapter 11 Bankruptcy Protection

Posted on April 23rd, 2019
by
Staff Editor


Fuse Media has announced that it has filed for Chapter 11 bankruptcy protection. The media company chose to begin a pre-packaged Chapter 11 restructuring.

The Jennifer Lopez-owned company has been through a rocky few months after it’s flagship cable network was dropped from major television providers. This protection restructuring will help Fuse lower their debt by $200 million while lowering interest expenses.

Before being acquired by Madison Square Garden Co. for $226 million, Fuse was an English-language entertainment network aimed at Latinos. SíTV was then rebranded to NUVOtv in 2011, then forming a partnership with Lopez’s Nuyorican Productions.

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