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Turner Sports Preparing To Announce Acquisition Of Bleacher Report

Turner Sports is preparing to announce this afternoon it has purchased S.F.-based online sports destination Bleacher Report, according to industry sources. Confirming several months of industry speculation, Turner's purchase of the six-year-old site adds a prominent, general-interest property to the media giant's online portfolio, particularly after the recently announced departures of NASCAR, SI and the PGA Tour to pursue more self-controlled digital strategies. Sources said Turner paid around $175M for Bleacher Report, a figure below the oft-rumored $200M but still far above the $98M Yahoo paid in '07 for Rivals.com that had been the industry record for the acquisition of an American pure-play online sports site. Nearly $39M has been invested in Bleacher Report through various venture capital rounds, including a massive $22M round nearly a year ago. Bleacher Report ranked ninth in the June comScore rankings of U.S. online sports sites, the most recent figures available, with 10.1 million unique visitors. Turner Sports Digital ranked sixth with 14.8 million uniques.

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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