Friday, December 10, 2010

Leonard Asper returns to TV via Fight Channel

A firm controlled by Leonard Asper bought into The Fight Network Inc., a specialty channel operator featuring mixed-martial arts programming, for an undisclosed sum. As part of the deal, Asper has assumed the role of chief executive. The move marks a return to the media industry for Mr. Asper after a nine-month exile following the prolonged collapse of Canwest, once the country's largest media company
Sources close to the deal say his company has taken a 30% interest in the network, an independent sports channel with about 450,000 subscribers sold by all major cable and telco distributors through various program packages. He has the option to increase the stake to 51%.

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