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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,"

Go deeper

America's Chinese communities struggle with online disinformation

Illustration: Annelise Capossela/Axios

Disinformation has proliferated on Chinese-language websites and platforms like WeChat that are popular with Chinese speakers in the U.S., just as it has on English-language websites.

Why it matters: There are fewer fact-checking sites and other sources of reliable information in Chinese, making it even harder to push back against disinformation.

Omicron cases confirmed in 4 U.S. states

A healthcare worker inserts a Covid-19 rapid test into a machine in Denver, Colorado. Photo: Daniel Brenner/Bloomberg via Getty Images

Five cases of the newly-discovered Omicron variant were detected in New York, Gov. Kathy Hochul (D) and New York City Mayor Bill de Blasio announced on Thursday, making New York the fourth state with confirmed cases.

The latest: In addition to New York, the variant has been confirmed in California, Colorado and Minnesota.

Early winter heat shatters records in U.S., Canada

Temperature departures from average on Dec. 2, 2021, as depicted by the GFS computer model. (Weatherbell.com)

A widespread and intense heatwave is roasting large portions of the U.S. and Canada, shattering daily and monthly temperature records.

Why it matters: Winter is the fastest-warming season across the U.S., and the lingering warmth is shortening the snow season in places like Colorado and Montana, where mountain snowpack is a critical source of water during the summer months.