Tennis Channel Not Planning To Sell


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Copyright © 2015. No duplication is permitted without permission from Bob Larson Tennis.

Ken Solomon Tennis Channel Tennis News

Tennis Channel is not in talks to sell the company, according to its CEO.

Speaking to Sports Business Journal, CEO Ken Solomon described the channel as not “actively” for sale, saying, “We are not talking to the market.”

Previous reports in the Wall Street Journal had said that Sinclair Broadcasting, which largely owns local channels, had taken a look at buying the company.  Tennis Channel is majority-owned by five private equity firms. The article said it was seeking a purchase price of more than $500 million.

“We are not out in a process to sell the company,” said Solomon.

According to published figures, Tennis Channel has the most affluent viewership of any ad-supported network.

Copyright © 2015. No duplication is permitted without permission from Bob Larson Tennis.