Fox Buys Clay Travis’ ‘Outkick’ Sports-News Site
Fox Corporation has purchased Outkick, the conservative-leaning sports-news site founded by entrepreneur and online personality Clay Travis, Variety reports.
The acquisition was unveiled by Lachlan Murdoch, the company’s CEO, during a call with investors on Wednesday. Financial terms were not disclosed. Outkick, said Murdoch, is a leader “in sports news, and more critically, sports opinion,” and is likely to align with Fox’s core audience.
Travis, a former attorney, founded the site as an extension of his work doing sports columns for CBS, Deadspin and FanHouse.
Since its founding in 2011, OutKick has since grown to encompass news, culture and sports wagering and has even added local and regional journalists. The company has a marketing arrangement with the sports-wagering outlet FanDuel, in which Fox Corp. is an investor through its parent company, Flutter.
Other sports-content ventures of a similar vein have grown –and quickly. Barstool Sports, a backer of unruly “hot-talk” digital sports programs, has expanded its presence in recent years. In January of last year, Penn National Gaming took a 36% interest in Barstool for approximately $163 million in cash and convertible preferred stock. Barstool has been backed by Peter Chernin, an executive who was a senior operating chief for Fox and its sibling company News Corp. between 1996 and 2009.
Fox plans to operate Outkick as an independent brand. Clay Travis will serve as its president. Savage Ventures, a partner in the site, will continue having an operational role in the business.
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