Courtesy of Cynthia Cynopsis12/10/2007
MTV Networks sold Tempo, the 24-hour pan-Caribbean cable television
network, to a group of investors led by Frederick A. Morton, Jr., who
founded the network while employed at MTV Networks. The deal was final on
November 8, 2007 and specific terms were not disclosed. Tempo was
launched by MTV Networks in November 2005 and currently is distributed in
25 islands reaching approximately 400,000 households and 1.6 million
viewers.
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