Fuse 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. Marc Leonard, Mark McIntire and Patrick Courtney oversee programming, marketing and digital, respectively. Fuse’s newly configured board of directors includes Tony Nieves, president of Marca, a creative and marketing agency targeting the Latino community, and Emeli Colletta, the...
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. Marc Leonard, Mark McIntire and Patrick Courtney oversee programming, marketing and digital, respectively. Fuse’s newly configured board of directors includes Tony Nieves, president of Marca, a creative and marketing agency targeting the Latino community, and Emeli Colletta, the...
- 11/19/2020
- by Dade Hayes
- Deadline Film + TV
Fuse Media has been taken over in a management buyout following its 2019 bankruptcy reorganization.
The company operates the Latinx-focused Fuse cable channel and FM music outlet. Fuse Media has been owned by a group of private equity firms and hedge funds since it completed its Chapter 11 filing.
Fuse Media CEO Miguel Roggero, who has been with Fuse and its predecessors since 2006, will lead the current team that includes Judi Lopez, head of content distribution, Fernando Romero, head of ad sales, programming chief Marc Leonard, marketing head Mark McIntire and digital head Patrick Courtney.
Financial details of the transaction were not disclosed. Roggero noted the rarity of a Latinx-led management team taking over a national media outlet.
“At a time when millions of Americans of all races and ethnicities are calling for more representation and servicing of underserved communities, the Fuse Media management team is taking ownership of its collective destiny.
The company operates the Latinx-focused Fuse cable channel and FM music outlet. Fuse Media has been owned by a group of private equity firms and hedge funds since it completed its Chapter 11 filing.
Fuse Media CEO Miguel Roggero, who has been with Fuse and its predecessors since 2006, will lead the current team that includes Judi Lopez, head of content distribution, Fernando Romero, head of ad sales, programming chief Marc Leonard, marketing head Mark McIntire and digital head Patrick Courtney.
Financial details of the transaction were not disclosed. Roggero noted the rarity of a Latinx-led management team taking over a national media outlet.
“At a time when millions of Americans of all races and ethnicities are calling for more representation and servicing of underserved communities, the Fuse Media management team is taking ownership of its collective destiny.
- 11/19/2020
- by Cynthia Littleton
- Variety Film + TV
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