SiTV Media bought Fuse Network from Madison Square...

SiTV Media bought Fuse Network from Madison Square Garden Co. for $226 million. Fuse, a national music network, reaches 73 million Nielsen subscribers, MSG said in a news release (http://bit.ly/1efFyQs). The transaction enhances MSG’s distribution relationships and expands its aggregate subscriber base, it said. Under the terms, MSG will receive 15 percent equity of the combined company, it said.