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Fuse Media

Fuse Media, an English-language media company that serves mostly Latino and multicultural audiences, has sold a majority stake to a Latino-led management group, led by Fuse Media CEO Miguel “Mike” Roggero, alongside several other Fuse executives.

Why it matters: The move speaks to a growing trend of having Latinos control more of the decisions made at American media companies that target that demographic. Univision added four new independent directors to its board last week, all of whom are Hispanic.

The big picture: The company filed for bankruptcy in 2019. Like many specialized cable networks, it's struggled financially amid a changing TV landscape and cord-cutting.

Details: Deal terms have not been disclosed.

  • Fuse Media's platforms currently include Fuse, the linear TV channel, Fuse and FM (Fuse Music), Fuse digital OTT channels, apps and websites.
  • Roggero has reconfigured and assembled a Board of Directors that includes more Latino business leaders.

Bottom line: “At a time when millions of Americans of all races and ethnicities are calling for more representation and servicing of underserved communities, the Fuse Media management team is taking ownership of its collective destiny,"

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What to watch: Closing the digital divide will be a high priority, as the pandemic has exposed how many Americans still lack reliable in-home internet connections and the devices needed to work and learn remotely.

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Secretary of State Mike Pompeo, Israeli Prime Minister Benjamin Netanyahu, and Bahrain's Foreign Minister Abdullatif at a press conference on Nov. 18. Photo: Menahem Kahana/POOL/AFP via Getty Images

Israeli Prime Minister Benjamin Netanyahu traveled in secret Sunday to the city of Neom on Saudi Arabia's Red Sea coast for a meeting with Crown Prince Mohammed Bin Salman and Secretary of State Mike Pompeo, Israeli sources told me.

The latest: Saudi Foreign Minister Faisal bin Farhan on Monday denied the meeting took place — a signal that the Saudis may be unhappy with the leak or are at least trying to publicly distance themselves from the meeting. Netanyahu, on the other hand, has not denied the story.