Wanted to make a quick note on this. Shannon Terry, founder and principal owner of 24/7 Sports, posted this on his Twitter account several days back:
Announcing profitability to the public, while talking about EBITDA, cash flows, accounting methods, and income statements? In other words, he's looking to line up and entice potential buyers for his new network.
Don't know what kind of market he realistically faces at this juncture -- ESPN has tried to divest from the recruiting coverage market, and Fox Sports finally sold off its train-wreck ownership of Scout -- but I'm sure a media conglomerate will come along before too long. Shannon is going to make a heck of a lot of money off the sale (again), and he's being pretty transparent about that fact too.