GrindTV, Sportnet Agree to Merge
NEW YORK GrindTV and Sportnet, two Web content companies focused on the action sports world, have agreed to a merger.
Terms were not disclosed for the deal, though the media consulting firm Wasserman Media Group (which originally launched Sportnet) and venture capital firm SoftBank (which funded GrindTV’s launch) will remain as majority shareholders. The company will operate under the Sportnet name going forward, though it will be led by GrindTV co-founders Erik Hawkins (CEO) and Greg Morrow (COO) and will operate from GrindTV’s El Segundo, Calif.,
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