Tennis Channel Owner Sinclair Adds Tennis.com, Tennis Magazine
Sinclair, which bought the Tennis Channel one year ago, bought Tennis Media, owner of Tennis magazine and Tennis.com, for $8 million cash plus an additional $6 million earn-out potential, it said in a news release Wednesday. Sinclair CEO Chris Ripley…
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said the deal is part of "enhancing Tennis Channel's role as the undisputed tennis-media hub, and this combination ... along with the Tennis Channel Plus subscription service, will lead to efficiencies that maximize all four platforms." Sinclair said since buying Tennis Channel (see 1603020017), distribution has jumped from 37 million homes to close to 50 million and agreements are in place to reach 60 million homes this year.