Kroenke Sports and Entertainment buys the Sportsman Channel

Denver-based Kroenke Sports and Entertainment is the parent company of the Outdoor Channel. It will now also be the parent company of the Sportsman Channel. They announced last week that they have purchased InterMedia Outdoor Holdings, Inc. from the private equity group InterMedia Partners VII, LP.

In addition to the Sportsman Channel, they received 15 magazines, 17 websites, and TV production facilities. According to their press release, they plan to operate the Outdoor Channel and the Sportsman Channel separately. They consider the acquisition to be a highly complementary transaction.

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