ESPN Reaches Agreement in Principle to Sell BASS
ESPN Inc., announced Tuesday that it has reached an agreement in principle to sell BASS, LLC to a group of investors led by Don Logan, Jerry McKinnis and Jim Copeland.
BASS is the largest membership organization of bass anglers in the U.S. with more than 500,000 members. It was purchased by ESPN in 2001 and includes several media platforms, including three magazines and a popular web site.
The purchasing party will assume ownership of all BASS’ assets after the completion of the sale.
“The investor group, with its enthusiasm for the brand, will continue to serve BASS’ interests with anglers,” said Traug Keller, ESPN senior vice president, production, business divisions.
As part of the agreement in principle, BASS’ core television programming assets – the Bassmaster Elite Series and Bassmaster Classic – will remain on ESPN networks.
Investor and outdoorsman McKinnis has a long history with ESPN as the host of the network’s second longest-running show, The Fishin’ Hole, which aired from 1980 until 2007.
Retired Time Inc., executive and avid angler Logan at one time oversaw Time Inc., America Online, Time Warner Cable and the Time Warner Book Group before his retirement from the media giant in 2002.
Georgia native Copeland retired as U.S. and Global CEO of international financial services firm Deloitte in 2003 and currently serves on the board of directors of three Fortune 500 companies.
“I am eager to begin working with the anglers, sponsors, and supporters to bring an even more exciting BASS business to its fan base,” said McKinnis.
“This group is looking forward to working with the fishing industry’s strongest brand and plans to make BASS even more relevant in the multimedia world,” said Logan.
Until a sales transaction is finalized, BASS will continue to operate under ESPN’s ownership.
OUTDOOR WORLD 2010 ProStaff
Richard Belott , Canyon
Greg Goodson, Amarillo
Tom Jessop, Dalhart
Nathan King of Lubbock
Ben Kirkpatrick, Wolfforth
Rodney & Nathan Sweet, Borger
Randy/Melody Dixon
Jerry Howard, Plains
Josh Butler, Amarillo
Congratulations to all the ProStaffers on a great year of fishing and for being selected to our ProStaff.
Two weeks ago I talked to Darren Mooneyham, who is now at the Baylor Medical Center in Dallas recovering from a very serious auto accident that happened as he and Will Bivins were driving down to Lake Falcon.
He was a bit groggy from pain meds, but he is lucky to be alive after being involved with head on accident from another vehicle that blew out a tire and hit Darren's vehicle coming from the opposite direction.
Thanks to wearing seat belts, Will is fine and Darren should recover from... a broken ankle, a broken hip and a severely broken arm.
His recovery will take time, many surgeries, and lots of rehab, but.... he will recover.
Say a prayer for all involved in this auto accident ... and WEAR your seat belt every time you start up your car.
Check out the great pictures of My recent South African hunt with AngusBrownSafaris.com
Click HERE. It was truly a trip of a lifetime that I will do again. Nice Kudu, ehhh?
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