Media
TURNER SELLS WCW TO ESPN CLASSIC
Turner Broadcasting Systems is to sell its poorly performing World Championship Wrestling operation to the founders of the Classic Sports Network, now ESPN Classic.
NEWS CORP RETURNS FOXPORTS.COM TO FOX TV
Rupert Murdoch's News Corp is to consolidate its digital media unit in the United States with Fox television, leading to ``significant cost savings''.
VIOSPORT PARTNERS CHOICE DEAL
eSynch Corporation has partnered with Viosport to stream amateur and professional extreme sports coverage via ChoiceCaster.
SPORTAL GO TO SHAREHOLDERS FOR CASH INJECTION
Sportal, the interactive sports media company, has secured new funding to sustain the business until it becomes profitable.
CANADIENS SALE EXPECTED THIS WEEK
The NHL?s Montreal Canadiens is likely to be sold this week to a group that includes telecom giant BCE Inc.
ATHENS ORGANISERS LOOK FOR ARMY OF VOLUNTEERS
Local organisers of the Athens Olympics want Greeks to get more involved now that the IOC believe they are capable of staging the 2004 Summer Games.
SPORTSCARD IS THE REWARD FOR RUGBY?S ELITE
Premier Rugby, the marketing and commercial arm of English First Division Rugby, has signed a #1 million ($1.45m) three-year deal with Sportscard, the rewards-based credit card designed specifically for sports fans.
KIRCH COULD RAISE $1bn TO INCREASE F1 STAKE
German media giant Kirch and media group EM.TV & Merchandising could raise $1 billion to exercise an option to buy a further 25 percent stake in Formula One holding SLEC, Kirch vice president Dieter Hahn has said.
SPORT TECHNOLOGY FIRM WINS TOP AWARD
Media technology firm Sportvision has won the 2000 Horizon Award for "Sports Business Technology of the Year".
Sponsorship
ARROWS SPONSOR DEAL IN DOUBT CLAIMS REPORT
FIRSTSTAKE TAKES OVER BOWMAN IN $19m DEAL
OFEX quoted betting organisation Firststake Plc is to take on Bowman International Sports Ltd from founder Gary Bowman in a deal worth #12 million ($19m).
BASEBALL CRITICS CRY FOUL OVER BIG-REVENUE TEAMS
Yankees fans may love their team for winning four of the past five World Series, but others are fed up with the New York dynasty and crying foul, a U.S. Senate panel heard.
BROADBAND SPORTS ACQUIRES ACTION SPORTS PORTAL
Broadband Sports, the US-based interactive sports media company, has acquired Action Sports Network, the internet portal offering information and pictures for skateboarding, snowboarding and surfing enthusiasts.
ENIC PROFITS FROM ?PROGRESS?, SAYS ANNUAL REPORT
The English National Investment Company (ENIC) has reported a pre-tax profit of #11million for the year ending 30 June 2000 on a turnover of #47.2m, up 15.9% from last year.
BROADBAND SPORTS MAKES WORKFORCE CUTS
US-based sports media company Broadband Sports has laid off 20 percent of its 250-person workforce.
EU STATES CLOSE TO AGREEMENT ON SPORTS DECLARATION
European Union (EU) sports ministers have reached broad agreement on a declaration on sport's distinctive status to be adopted by EU leaders at their December summit.
TALKSPORT AUDIENCE CONTINUES TO GROW
UK commercial sport radio station, talkSPORT has recorded a rise in audience figures.
MICROSOFT IN INVESTMENT TALKS WITH SKY GLOBAL
News Corp. is in talks with Microsoft Corp. over a possible $1 billion investment by the software giant in Sky Global Networks Inc., the global satellite-TV assets and investments arm of News Corp.