Better Collective buys Action Network for $240 million in a bid to expand its U.S. operations
Action Network brought in around $15 million in revenue last year, but is projecting $40 million in revenue this year.
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Minute Media raises another $40 million, looks to acquire more sites to join FanSided/The Players’ Tribune/The Big Lead
Minute Media CEO Asaf Peled said the new funding "will help us invest in our technology platform and enable us to look at new digital brands as acquisition targets."
Bill Simmons reportedly seeking nine-figure asking price for The Ringer
The asking price resembles what Spotify paid for Gimlet Media last year.
Spotify is reportedly in early talks to buy The Ringer
Spotify has acquired a number of podcasting-focused companies recently, and The Ringer may be the next in their sites.
After buying The Big Lead, Minute Media looks to pick up The Players’ Tribune
Minute Media, known for sites like 90min.com and 12up, and for buying The Big Lead in March, is in exclusive talks to acquire The Players' Tribune.
Democratic presidential candidates Cory Booker, Bernie Sanders, and Elizabeth Warren criticize Sinclair’s purchase of former Fox RSNs
"The agreement with Disney offers Sinclair an opportunity to charge consumers more by packaging their cable and broadcast programs."
One private equity firm pursuing the Fox regional sports networks is trying to land LeBron’s Uninterrupted as “a strategic partner”
"Apollo's talks with James' multimedia platform have focused on a strategic partnership deal that could see James contributing and advising on content for the networks."
A Time Inc. sale to Meredith could raise questions about Sports Illustrated’s future
If SI is sold to Meredith, it might mean big changes for the magazine.
Could acquiring Netflix or Twitter help Disney dispel ESPN worries?
ESPN results have been a noted drag on parent corporation Disney’s stock price for most of the last...
