Zucker buys Crain stake in Front Office Sports

Former CNN head Jeff Zucker has purchased the Crain Communications minority stake in Front Office Sports for an undisclosed price.

A Reuters story states, “The size of the investment was not disclosed. Bloomberg News reported the deal valued FOS at about $40 million. Most recently, it was valued at about $25 million when Crain Communications bought a minority stake in it in February last year.

“FOS declined to comment on deal terms and RedBird IMI did not immediately respond to Reuters’ requests for comment.

“SC Holdings, one of FOS’ earliest investors, will continue to hold a significant minority stake in the business, the sports news company said.

“FOS, which issues newsletters detailing different sports events and their business influence, said it has 35 million monthly reads for its newsletters.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.