JLo Acquires Fuse TV

It was announced last week that pop superstar Jennifer Lopez and the channel that she has minority ownership of, NuvoTV, have outbid Sean Combs to acquire the cable music channel Fuse TV. The deal is reportedly valued at over $200 million, but sources declined to reveal the source of NuvoTV's funding or what their future plans for FuseTV might be. However, in an interview earlier this week, Jennifer Lopez's manager revealed that "We do look at these channels as two different companies with two different identities, audiences and goals, and these shall remain intact." Read more about the future of Fuse TV here.