Diddy is back to doing what he does best, making major business deals that is.
The music mogul has just bid $200 million for Fuse cable channel just five months after launching his music channel, Revolt TV (See HERE).
According to Eurweb.com, “The plan would be to convert the channel into his own Revolt TV, which would give his fledgling network wider distribution and higher subscriber fees, according to one of the sources.
Fuse, owned by New York-based Madison Square Garden Co., is available in about 74 million homes through pay-TV systems including DirecTV, Dish Network Corp. and Cablevision Systems Corp., compared with Revolt TV, which reaches about 22.8 million homes and is carried by Comcast and Time Warner Cable Inc.”
Head over to Mediaoutrage for more on Diddy’s newest business venture.
