NuvoTV Gets $40M For Latino TV

Los Angeles-based NuvoTV, a new, English-language cable network aimed at Latinos in the U.S., said it has raised $40M in a venture financing round. The round came from Columbia Capital and Rho Capital Partners, and also included Veronis Suhler Stevenson and Tennenbaum Capital Partners. The firm said the funding will go towards its programming efforts, which target "bi-cultural" Latinos between the ages of 18 and 49. More information »