Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more


bleacher-report

Updated at 11:30 a.m. PT with confirmation of the deal.

Time-Warner-owned Turner Broadcasting has purchased popular sports site Bleacher Report, the company announced today. While the price tag is unknown, the Wall Street Journal reports it’s around $175 million.

San Francisco-based Bleacher Report is the third most popular sports site on the web behind ESPN and Yahoo Sports. comScore reports say the site attracts 9 to 10 million unique users each month. It reportedly generates $30-40 million each year, an impressive number for its audience size.

The purchase will give Time Warner, owner of cable networks CNN, TBS, and TNT and manager of NBA.com and PGA.com, a strong sports presence on the web. Bleacher Report’s content could be spread out across Time Warner’s other properties as needed.

Bleacher Report has raised about $40 million in funding since it was founded in 2006. Investors include Oak Investment Partners, Crosslink Capital, and Hillsven Capital.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member