Investors to buy BASS from ESPN - Trade Only Today

Investors to buy BASS from ESPN

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ESPN announced it has reached an agreement in principle to sell BASS LLC to a group of investors led by Don Logan, Jerry McKinnis and Jim Copeland.

BASS is the largest membership organization of bass anglers in the U.S., with more than 500,000 members. ESPN bought BASS in 2001 and it has several media platforms, including three magazines and a website.

"The investor group, with its enthusiasm for the brand, will continue to serve BASS's interests with anglers," said Traug Keller, ESPN senior vice president of production for the business divisions.

As part of the agreement in principle, BASS's core television programming assets - the Bassmaster Elite Series and Bassmaster Classic - will remain on ESPN networks.

Until a sales transaction is finalized, BASS will continue to operate under ESPN's ownership.

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