By: E&P Staff
The Associated Press and News Corp. announced Thursday that they have formed a joint venture named STATS, LLC to produce sports data and content.
It will combine STATS Inc., a sports information and statistical analysis company owned by News Corp., and MegaSports, AP’s multimedia sports service. News Corp. and AP will each own half of the joint venture.
“This partnership joins the two organizations with the biggest stake and deepest content in sports news and information,” Tom Curley, president and CEO of The Associated Press, said in a statement. “This venture is designed to assure AP and its customers and members of an independent, accurate, and complete source of sports data across media platforms.”
Tony Vinciquerra, President and CEO of Fox Networks Group, said, “The combination of AP MegaSports and STATS will create a one-stop shopping destination for organizations interested in providing the best and most
comprehensive sports information and context to their consumers. We are thrilled to be in partnership with the AP.”
Gary Walrath, CEO of STATS, Inc., will serve as president and CEO of the new joint venture. The company will retain STATS’ current headquarters in the Chicago area and its offices in Los Angeles .