Rogers to Buy Score Media’s TV Assets

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TORONTO: Rogers Media has made moves to acquire the TV business of Score Media, in a C$167 million ($168.5 million) deal that includes the sports broadcaster theScore Television Network.

Upon the closing of the deal, Score Media’s TV business—encompassing theScore sports channel, the closed-captioning service provider Voice2Visual and theScore Fighting Series—will go to Rogers. The digital business of Score Media will be spun-out to shareholders as a new corporation under the Canada Business Corporations Act. Score’s digital business includes theScore.com and its mobile applications ScoreMobile, ScoreMobileFC and Sportstap. Rogers will acquire all of the issued and outstanding shares of Score Media and a 10 percent equity interest in Score Digital.

"I am extremely proud of our team at theScore Television Network and the unique original content we produce each and every day," said John Levy, the founder, chairman and CEO of Score Media. "As part of Rogers Media’s inventory of sports properties, its extensive programming assets and senior management’s commitment to securing premium sports content, I am confident the network will continue to grow and contribute to the Canadian sports scene.

"This deal allows us to continue to pursue our vision and strategy that has formed a huge part of what we’ve been doing at Score Media for some time. We can now focus 100 percent on our digital products, building on the tremendous strides we have made in growing the international audience of our website and mobile apps."