Rogers Buying Score Media for $167M
Rogers Media plans to acquire Score Media Inc., which includes The Score Television Network and related television assets.
However, the $167 million acquisition does not include the firm’s digital media business, consisting of The Score.com website and mobile applications.
Rogers said that prior to the acquisition, Score Media’s digital assets will be spun out to its existing shareholders, with Rogers Media retaining a 10 percent equity interest in the digital media business. Rogers stipulated that it will also have access to Score Media’s digital technology to immediately enhance its mobile offerings.
“We continue to pursue opportunities to engage, expand and enhance the experience for sports fans. Rogers Media is on a growth trajectory and this builds on our momentum of delivering world-class sports content anywhere, anytime, on any platform,” said Keith Pelley, President, Rogers Media.
In addition to the digital media business, Score Media owns The Score Television Network, closed captioning service Voice to Visual Inc., and mixed martial arts promotion The Score Fighting Series.
With 6.6 million television subscribers generating approximately $45 million of annual subscription and advertising revenues, The Score Television Network is Canada’s third largest specialty sports channel.
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