Fuse Media defaults after missing $12M interest payment

Fuse Media, a Latino-focused TV and digital company, is the latest media property to hit the wall. The company missed a $12.45 million interest payment due Jan. 1, putting it in technical default. Fuse has been given a 30-day grace period to come up with the payment to its bondholders. The company’s total debt is...

from Media | New York Post https://nyp.st/2G6G4bz