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News Corp., AP Are Good Sports

8/04/2005 5:28 AM Eastern

News Corp. and the Associated Press said Thursday that they have formed a joint venture, STATS LLC, to produce sports data and content.

The JV combines News Corp.’s STATS Inc. sports-information and statistical-analysis company and AP's MegaSports multimedia-sports service.

News Corp. and AP will each own one-half of the JV.

“The combination of AP MegaSports and STATS will create a one-stop-shopping destination for organizations interested in providing the best and most comprehensive sports information and context to their consumers,” Fox Networks Group CEO Tony Vinciquerra said in a prepared statement.

AP CEO Tom Curley added, “This partnership joins the two organizations with the biggest stake and deepest content in sports news and information. This venture is designed to assure AP and its customers and members of an independent, accurate and complete source of sports data across media platforms.”

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