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LIBERTY SELLS FOUR UNITS, INCLUDING WBA, TO MCMULLEN GROUP
Published December 12, 1995
The McMullen Group, Inc., has agreed to purchase several assets of Liberty Sports, Inc., including America One TV, Prime Sports Interactive/Fantasy Sports, Prime Sports Radio and the Women's Basketball Association. The deal is expected to be finalized by the end of the year and terms were not disclosed. Ed Frazier, President of Liberty Sports, said the deal was designed to "sharpen the focus" of the Liberty Sports' venture with Fox Sports. All divisions will continue to operate as they have and eventually will relocate to offices in Irving, TX. David Lynch, McMullen Group Exec VP, said the WBA "simply needed someone to acknowledge its legitimacy," which they plan to do "in the form of money, experience" and a long-term TV contract with the Liberty Sports/Fox cable network (Liberty).