Pick'em Leagues: THE BIG SHOW CASUAL BEST OF THE REST Single Event PvP: FANTASY POOLS Betting Leagues: THE BIG SHOW BEST OF THE REST
  MMA Playground 4.0 is live!     Returning members: check out the patch notes     New members: visit our getting started guide, read the FAQ's and start playing!

Showtime Enters Talks to Purchase Pro Elite

Print  
Posted By Message

ncordless

MODulation

ncordless Avatar
12
 
 
 


 
 
Posts:4,843
Career:1,842-1,052
Joined:Apr 2007
Camp: The Ringers
Chips:
1,098
Showtime Networks filed public notice with the U.S. Securities and Exchange Commission Thursday announcing its intention to enter preliminary negotiations for the purchase of Pro Elite Inc.

Showtime, a subsidiary of the parent conglomerate CBS Corporation, already enjoys broadcasting deals with the Los Angeles-based company on both its premium cable channel and CBS. Showtime also has a 20% ownership stake in Pro Elite

link

_______________________________________
Flame Not, Lest Ye Be Flamed Yourself.

Post #1   9/18/08 3:15:32PM   

MMAcca

Heavyweight Champ

MMAcca Avatar
4



 
 
 


 
 
Posts:8,113
Career:1,763-1,032
Joined:Apr 2007
Camp: Dark Horse
Chips:
798
An MMA org owned by a tv company.

Competition for the UFC ?

Post #2   9/18/08 3:39:00PM   

ncordless

MODulation

ncordless Avatar
12
 
 
 


 
 
Posts:4,843
Career:1,842-1,052
Joined:Apr 2007
Camp: The Ringers
Chips:
1,098

Posted by MMAcca

An MMA org owned by a tv company.

Competition for the UFC ?




I don't understand why they would want to pick up the debt. I think any org. that can put TV commercials and premium channel orders in it's ledger could do pretty well as far as staying solvent. But why not start from scratch rather than pick up the fubar that is pro elite?

_______________________________________
Flame Not, Lest Ye Be Flamed Yourself.

Post #3   9/18/08 3:45:30PM   

MMAcca

Heavyweight Champ

MMAcca Avatar
4



 
 
 


 
 
Posts:8,113
Career:1,763-1,032
Joined:Apr 2007
Camp: Dark Horse
Chips:
798
Taking on the debt may be worth it to obtain ProElite's stable of fighters....

Post #4   9/18/08 3:49:22PM