H****t
发帖数: 2542 | 1 Good site, but sounds overvalued.
San Francisco sports website Bleacher Report sells for reported $175 million
Six years after founding a website meant to offer sports fans a place to
talk about their favorite teams, four Menlo High School graduates have sold
the product, Bleacher Report, for a reported $175 million.
Turner Broadcasting, a subsidiary of Time Warner, announced Monday that it
had purchased the San Francisco-based sports website for an undisclosed
amount. Bloomberg News and Reuters cited unnamed sources in reporting that
the price was less than $200 million, and The Wall Street Journal reported
the price as "about $175 million."
Bleacher Report was launched by four 20-somethings looking to start a
website where they could blog about their favorite sports teams and invite
others to do the same. Within months, the site became a hit thanks to a
legion of contributors willing to write about sports for free.
"Most of our contributors aren't professional journalists. They're lawyers
by day, Giants fans by night," CEO Brian Grey described in an interview last
year.
The cofounders -- Dave Finocchio, Bryan Goldberg, Dave Nemetz and Zander
Freund -- have worked to legitimize the site in the past few years, pulling
in at least $39 million worth of venture capital and hiring executives from
larger, more established properties. Grey left Fox Interactive to become CEO
, and brought in a chief finance officer from Demand Media and chief revenue
officer from CBS Interactive.
"Bleacher Report was created to put fans first, and we are
excited to integrate our innovative content publishing model ... within
Turner Sports' world-class television and digital content portfolio," Grey
said in Monday's news release.
Finocchio, Goldberg and Nemetz have stayed on full-time at the company,
which will remain in San Francisco, according to Monday's announcement.
Finocchio, who rounded up his former high school cohorts to start the site,
will remain as chief content officer and product officer and become a vice
president for Turner Sports.
The deal gives Turner Sports a stronger presence in Internet sports
journalism, after the company handed control of SI.com and Golf.com back to
its parent company, Time Warner, last year.
"Bleacher Report is a strategic acquisition that further enhances Turner's
portfolio of sports offerings, as well as reflects our continuing commitment
to bring fans greater content across all screens throughout the entire year
," David Levy, president of sales, distribution and sports of Turner
Broadcasting, said in the release. | B*****e
发帖数: 9375 | 2 热烈欢迎何老回来视察!
million
sold
【在 H****t 的大作中提到】
: Good site, but sounds overvalued.
: San Francisco sports website Bleacher Report sells for reported $175 million
: Six years after founding a website meant to offer sports fans a place to
: talk about their favorite teams, four Menlo High School graduates have sold
: the product, Bleacher Report, for a reported $175 million.
: Turner Broadcasting, a subsidiary of Time Warner, announced Monday that it
: had purchased the San Francisco-based sports website for an undisclosed
: amount. Bloomberg News and Reuters cited unnamed sources in reporting that
: the price was less than $200 million, and The Wall Street Journal reported
: the price as "about $175 million."
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