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Classic Sports Network founders take struggling franchise
The men who launched a network made of old sports footage intend to turn around World Championship Wrestling.
Fusient Media partners Brian Bedol and Stephen Greenberg took the ailing franchise off the Turner Broadcasting balance sheet where it was bleeding red ink to the tune of $80 million a year. Turner Broadcasting will retain a minority share of the company and continue airing its shows, Nitro and Thunder Fusient will control the advertising inventory with Turner's sales managing it for the time being. Terms of the deal were undisclosed.
Bedol, along with Greenberg, created Classic Sports Network in 1995 using archived sports reels and two years later sold it to Disney where it was renamed ESPN Classic. After the sale, they formed Fusient, a media investment company that, until last week, primarily owned pieces of...