Fuse bounces back from bankruptcy
Jennifer Lopez-backed US broadcaster Fuse Media is poised to emerge from bankruptcy protection.
Jennifer Lopez
The Latino- and youth-focused cablenet said it will come out from Chapter 11 in the next few weeks as a stronger company.
Fuse was dropped by US cable giants Comcast and Verizon late last year and CEO Michael Schwimmer left this April. The firm sought protection while it wrestled with a US$200m debt.
As it restructured its finances, the business continued to develop and renewed a partnership with AT&T’s DirecTV while also entering into new distribution agreements.
Interim CEO Miguel Roggero said: “Fuse will continue to provide content that entertains and inspires young and underserved Latino and multicultural audiences and to collaborate with creative, brand and distribution partners who share this goal.”
