Dade Hayes Finance EditorFuse Media, owner of linear cable networks, digital and streaming properties and live events all aimed at Latino and multicultural millennial audiences, has been acquired by a Latino-led management group.Miguel “Mike” Roggero, who had been serving as CEO, leads the new management and ownership team.
The company, whose investors once included Jennifer Lopez, went through Chapter 11 bankruptcy last year.Financial terms were not reported in the announcement.
In filings last year in U.S. Bankruptcy Court in Delaware, Fuse said it had $201.2 million in assets and $242 million in debt.Joining Roggero on the management and ownership team are content distribution chief Judi Lopez and head of ad sales Fernando Romero.
Read more on deadline.com
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