Industry News 6/18/2007

Wasserman Media's Sportnet Acquires Leading Freestyle Skiing Internet Property

Wasserman Media's Sportnet Acquires Leading Freestyle Skiing Internet Property - NEWSCHOOLERS.COM

Los Angeles, CA – June 18, 2007- Wasserman Media Group’s Sportnet has announced the acquisition of Newschoolers, the internet’s leading online community for skiers. Now as part of Sportnet, Newschoolers.com has access to a powerful technology, sales and marketing platform as well as added web distribution. Newschoolers.com main principals Doug Bishop, Chris O’Connell and Paul Stanisci will continue to manage the day to day business.

“Through their true passion for skiing, the guys at Newschoolers have built the best ski site with the most dynamic online community,” said David Brooks, Vice President, Business Development, WMG. “The combination of the heart of Newschoolers with Sportnet’s online expertise and ability to bring premium content from live events, top athletes and the best films will benefit a rapidly expanding online ski community.”

"We are really excited about this partnership. We will not only continue to run Newschoolers and focus on our core, but utilize our new resources for live events, amazing content and tech support to take us to the next level,” said Doug Bishop, President, NS Management.

Newschoolers is the third top endemic site to join Sportnet’s current roster that includes Motocross.com and 411vm.com.