Radio / Television News

JumpTV expands reach into sports with US$60 million deal


TORONTO – Canadian Internet broadcaster JumpTV is expanding its product offering from its current roster of ethnic channels to a large, English language sports offering. Jump announced Tuesday it has purchased the broadband network business unit of XOS Technologies for US$60.25 million to be paid mostly in cash and 3 million retention warrants for XOS employees. The new unit brings more than 150 U.S. college, university and other sporting properties from popular American college conferences like the SEC, Big 12 and Big 10. The XOS Technologies sports channels have 24,000 paid subscribers and had 4.9 million unique visitors in March...