MSG Explores Possible Fuse Sale
Multichannel News, Monday, September 16, 2013 9:13 AM
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Madison Square Garden Co. has put its low-rated music channel Fuse on the block. Analyst Michael Senno of Credit Suisse estimated that Fuse could cost between $200 million and $300 million. MSG stated that Fuse, which is geared to the 18-34 demo, is a "unique and valuable asset with 73 million Nielsen subscribers and an expanding lineup of original programming that targets a highly desirable demographic." MSG has been approached by various buyers and retained JP Morgan to explore all options.