Sep
12
Madison Square Garden to Sell Fuse Cable TV Network
Posted in: UncategorizedMadison Square Garden Co., the sports and entertainment company that owns the namesake arena in Manhattan, is looking to sell its music-TV channel Fuse.
“We have been approached by certain parties expressing interest in Fuse and have retained JPMorgan to explore all strategic alternatives,” the company said Thursday in an e-mailed statement.
Fuse could be worth $300 million to $400 million in a sale, said Amy Yong, an analyst at Macquarie Group, who has the equivalent of a buy rating on MSG shares.
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