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NFL, Providence Equity Form Investment Partnership

League and Private Equity Giant Will Seek Out Media Properties
By: Mike Farrell Mar 19 2013 - 3:50pm
League and Private Equity Giant Will Seek Out Media Properties

Private equity giant Providence Equity Partners has teamed up with the National Football League to form a global strategic partnership to invest primarily in sports and entertainment related media assets.

The NFL and Providence will each commit equity to the partnership and operate it jointly, leveraging both entities’ media expertise. The partnership will target growth equity investments of approximately $25 million to $50 million in private companies around the world and have the capacity to make larger investments as needed.

Liberty Buys 27% Interest in Charter

$2.617B Deal Gives Board Seats, Path to Larger Interest
By: Mike Farrell Mar 19 2013 - 11:05am
$2.617B Deal Gives Board Seats, Path to Larger Interest

As expected, Liberty Media said Tuesday that it has agreed to purchase 26.9 million shares of common stock and 1.1 million warrants from three Charter Communications shareholders for $2.617 billion, giving the Denver-based media giant the largest individual stake in the mid-market MSO.

Charter Stock Soars on Liberty Speculation

'Journal' Reports That Liberty Planning To Invest $2.5 Billion for 25% Stake
By: Mike Farrell Mar 18 2013 - 1:20pm
'Journal' Reports That Liberty Planning To Invest $2.5 Billion for 25% Stake

Charter Communications stock soared more than 10% Monday after a report in The Wall Street Journal indicated that Liberty Media, headed by cable legend John Malone, was planning to acquire a 25% interest in the mid-sized market MSO for an estimated $2.5 billion.

Citing unnamed sources, the Journal said Liberty was close to acquiring the stake, but offered no further details.

Kern: InterMedia ‘Loaded For Bear’

Despite Losing Outdoor Channel, Opportunities Abound to Grow Outdoor Category
By: Mike Farrell Mar 13 2013 - 12:34pm
Despite Losing Outdoor Channel, Opportunities Abound to Grow Outdoor Category

Despite being pushed aside by a larger, last minute bid by Denver sports magnate Stan Kroenke in its quest for the Outdoor Channel, InterMedia Partners said it will continue to grow its ratings and reach in its efforts to boost the overall outdoor lifestyle category.

Outdoor Agrees to KSE Acquisition

Deal Expected to Close in Second Quarter
By: Mike Farrell Mar 13 2013 - 10:17am
Deal Expected to Close in Second Quarter

Outdoor Channel said Wednesday that it has entered into definitive merger agreement with Kroenke Sports & Entertainment for $8.75 per share in cash, a deal that values the network at about $227 million.

"Our board of directors has unanimously determined that the proposed all-cash merger with KSE offers superior value for our stockholders," said Outdoor Channel CEO Tom Hornish, in a statement. "We are pleased that Kroenke Sports & Entertainment has agreed to purchase Outdoor Channel."

Outdoor Says Kroenke Deal ‘Superior’

Gives InterMedia Four Days to Put Forth Better Offer
By: Mike Farrell Mar 8 2013 - 1:36pm
Gives InterMedia Four Days to Put Forth Better Offer

Outdoor Channel’s board of directors has determined that a $227 million last-minute offer to buy the network outright is superior to an earlier deal with InterMedia Partners, telling the parent of the Sportsman Channel that it has until March 12 to sweeten its bid.

Kroenke Makes $227M Competing Bid For Outdoor

Sports Magnate Offers $8.75 Per Share For Network
By: Mike Farrell Mar 4 2013 - 11:40am
Sports Magnate Offers $8.75 Per Share For Network

Denver sports magnate Stan Kroenke’s Kroenke Sports & Entertainment has made a competing offer for the Outdoor Channel, a deal which seems to trump an earlier agreement between the hunting and fishing network and Sportsman Channel parent InterMedia Holdings.

Kroenke Sports, which also owns regional sports network Altitude Sports and the World Fishing Network, offered $8.75 per share in cash for the outstanding stock of Outdoor Channel, a bid worth about $227 million that seems to far outpace InterMedia’s $8 per share deal.

ESPN Sells U.K. and Ireland Channels to BT Group

Deal Includes ESPN U.K., ESPN America and Portfolio of Sports Rights
By: Tim Baysinger -- Broadcasting & Cable Feb 25 2013 - 6:06pm
Deal Includes ESPN U.K., ESPN America and Portfolio of Sports Rights

United Kingdom telecom giant BT Group has agreed to purchase ESPN's U.K. and Ireland TV channels business, which comprises the ESPN and ESPN America channels, as well as a TV-rights portfolio that includes the FA Cup, Scottish Premier League, UEFA Europa League and German Bundesliga.

The transaction is expected to close by July 31. BT will continue to operate at least one ESPN-branded channel that will become part of the BT Sport TV package set to launch this summer.

Outdoor Channel Fires Back at Disgruntled Shareholder

Claims in SEC Filings UTR LLC is Failed Suitor “Party A”
By: Mike Farrell Feb 25 2013 - 10:41am
Claims in SEC Filings UTR LLC is Failed Suitor “Party A”

About three weeks before it is scheduled to put its proposed merger with InterMedia Partners to a vote in a special meeting with stockholders, Outdoor Channel Holdings is fighting back at accusations from a disgruntled former suitor.

Outdoor Channel To Voluntarily Delist From NASDAQ in March

Stock Would Leave Exchange After InterMedia Merger Approval
By: Mike Farrell Feb 22 2013 - 10:02pm
Stock Would Leave Exchange After InterMedia Merger Approval

 

Outdoor Channel Holdings said it would voluntarily delist its shares from the NASDAQ stock exchange after its planned merger with InterMedia Partners is completed next month.

Outdoor Channel agreed on Nov. 16 to a merger deal with InterMedia, the parent of The Sportsman Channel, which would create a new publicly traded company, InterMedia Outdoor Holdings (IMOH).

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