Diddy bids $200 mill for Fuse Tv Network

The_King_of_Everything

The_King_of_Everything

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http://www.bloomberg.com/news/2014-03-10/sean-combs-said-to-bid-200-million-for-fuse-tv-network.html

Sean Combs, the hip-hop mogul now known as Diddy, has bid about $200 million for the Fuse cable-TV channel, said three people with knowledge of the situation.

Combs, 43, rose to fame as rapper Puff Daddy and has since founded fashion, liquor and media businesses, including the cable-music channel Revolt TV. He would convert Fuse, owned by New York-based Madison Square Garden Co. (MSG), into Revolt TV, which has backing from Comcast Corp. (CMCSA), said the people, who requested anonymity because the talks are private. Combs is one of several Fuse bidders, one of the people said.

With the purchase, Revolt TV would gain wider distribution and higher subscriber fees, one person said. Fuse is available in about 74 million homes through pay-TV systems including DirecTV (DTV), Dish Network Corp. (DISH) and Cablevision Systems Corp. (CVC), compared with Revolt TV, which reaches about 22.8 million homes and is carried by Comcast and Time Warner Cable Inc. (TWC), according to researcher SNL Kagan.

“As we have stated, we are exploring strategic alternatives for Fuse, and will have no further comment during what is still an ongoing process,” Kimberly Kerns, a spokeswoman for MSG, said yesterday in an e-mail.

Keesha Johnson, a press contact for Combs, declined to comment.

Low Offer?

Michael Senno, an analyst at Credit Suisse, estimated in a Sept. 12 report that Fuse would receive bids between $200 million and $250 million.

“An offer of $200 million seems low for almost 75 million households,” said Paul Sweeney, an analyst with Bloomberg Industries.

The Dolan family, which spun Madison Square Garden off from Cablevision four years ago, has been asking for about $400 million for Fuse, according to one of the people. Al Jazeera acquired Current TV for about $500 million last year. Current reached about 60 million U.S. homes. Fuse’s distribution on Comcast and Time Warner Cable would be less valuable to Diddy because they already carry Revolt TV.

Revolt made its debut on Comcast last year and airs music videos, live performances, news and interviews.

Big Freedia
Fuse airs original programming including “Billy on the Street,” which stars comedian Billy Eichner accosting New Yorkers on public sidewalks with celebrity trivia questions, and “Big Freedia: Queen of Bounce,” a reality series featuring New Orleans musician Big Freedia.

MSG hired JPMorgan Chase & Co. to explore a sale of Fuse, Bloomberg Newsreported in September. That decision was made after various parties expressed strategic interest in the TV network, Hank Ratner, the former chief executive officer, said on a Nov. 1, 2013, earnings conference call. Tad Smith replaced Ratner as president and CEO last month.
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:wow:
 
really tho

really tho

that ain't gangsta
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It would be a big power move although as someone else said who really watches music channels?

The era of Youtube and WorldStar have created 'in demand' avenues of music, for free.


Paying for Cable TV? We off that.
hahadrake.png
 
L. Deezy

L. Deezy

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Uncle Phil 36 said:
Does anyone watch either of these channels.......actually does anyone watch music channels?

Youtube/Worldstar >>>>
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naw, not at all.

video channels are dead. They need to have more live performances if anything..
 
Robbie3000

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reallytho said:
It would be a big power move although as someone else said who really watches music channels?

The era of Youtube and WorldStar have created 'in demand' avenues of music, for free.


Paying for Cable TV? We off that.
hahadrake.png
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It's not even about paying for Cable TV, it's the arcane idea of having a programmer actually sit there and program music videos, :pachaha: when a person can go online and play almost any video that has ever been made, let alone new videos.

I really don't know who sits there rubbing there hands like birdman waiting for a video to play....but I guess there are people who do if the network is worth $200 million.
 
MVike28

MVike28

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Robbie3000 said:
It's not even about paying for Cable TV, it's the arcane idea of having a programmer actually sit there and program music videos, :pachaha: when a person can go online and play almost any video that has ever been made, let alone new videos.

I really don't know who sits there rubbing there hands like birdman waiting for a video to play....but I guess there are people who do if the network is worth $200 million.
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breh lets be honest a sizable portion of the population is damn near illiterate and don't have the access or the technical know how to put 2 and 2 together.

:ld:
 
tybo

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reallytho said:
It would be a big power move although as someone else said who really watches music channels?

The era of Youtube and WorldStar have created 'in demand' avenues of music, for free.


Paying for Cable TV? We off that.
hahadrake.png
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There was only one other poster besides the OP. Son REFUSED to name or quote dude :russ:























































:deadrose:
 
E

emoney

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diddy is not bidding 200 million on anything

I dont even think thats his net worth
 
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