Business
Sean Combs (Diddy) makes $200 million bid for FUSE TV
The Dolan family, which spun Madison Square Garden off from Cablevision 4 years ago, has been asking for about US$400 million for FUSE, according to one of the people. Al Jazeera acquired Current TV for about US$500 million last year. Current reached about 60 million U.S. homes. FUSE’s distribution on Comcast and Time Warner Cable would be less valuable to Diddy because they already carry Revolt TV.
Revolt made its debut on Comcast last year and airs music videos, live performances, news and interviews.
FUSE airs original programming including “Billy on the Street,” which stars comedian Billy Eichner accosting New Yorkers on public sidewalks with celebrity trivia questions, and “Big Freedia: Queen of Bounce,” a reality series featuring New Orleans musician Big Freedia.
Source: Bloomberg
