Rumor: Wasserman In Talks About Sportnet Sale

By Amit Chowdhry ● Dec 24, 2007

Wasserman Media Group (WMG) is rumored to be in talks with Comcast, ESPN, and FOX about a potential acquisition or investment of Sportnet.

Sportnet started in 2005 and is one of WMG’s subsidiaries. WMG is one of the largest sports agencies with offices based in Los Angeles, New York, Washington D.C., Charlotte, Carlsbad, and London.

And Sportnet was founded to aggregate websites and advertisers across various sports websites including motocross.com, and ryansheckler.com. Montgomery & Co. has valued Sportnet at $50 million.

Source: paidContent