Madison Square Garden to Sell Fuse Cable TV Network


Madison 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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