NYTimes.com’s DealBook blog reminds us that Tennis Channel’s been around for seven years now, and that the network’s investors are probably itching to get a return on their money.
From the post:
“The Tennis Channel’s owners have controlled the business now for seven years, a long slog for a private-equity investment. With the network improving its fortunes over the past few years and achieving viability as an independent cable channel, the investors could be looking to exit in the near term, say several people familiar with the deal.
Potential buyers include a large media company with an existing portfolio of cable assets (Comcast, Cox or Viacom); a talent agency (CAA or IMG); or to a new set of private-equity owners (Blackstone and Bain, for instance, own the Weather Channel).”
Now that TC’s finagled its share of Slam coverage, let’s hope they can get themselves a good deal. Life wouldn’t be the same without Bag Check!