Montgomery, Alabama - Raycom Media, Inc. announced today that it has acquired the assets of New York City-based Tupelo-Honey Productions (THP), including 50% of My Tupelo Entertainment. The acquisition adds to the Raycom Media production capabilities, which include Raycom Sports, a subsidiary of Raycom Media based in Charlotte, N.C.
Cary Glotzer will continue to be the CEO of Tupelo-Honey and the Managing Partner of My Tupelo Entertainment. My Tupelo Entertainment is headed by Partner, and veteran Executive Producer, Michael Yudin.
"Combining the assets of Tupelo-Honey with Raycom Sports is a natural fit,"Ã‚Â said Raycom Media CEO Paul McTear. "Both organizations produce live and studio sports programming of the highest quality, and in putting the organizations together, we have one of the largest independent sports production companies in the United States. We are also excited about the prospects for My Tupelo Entertainment, a leading independent production company, producing original programming for Network, Cable, Syndication and Broadband."Ã‚Â
Currently Tupelo-Honey produces and packages over 150 live sports and entertainment television events per year. My Tupelo has produced recent shows such as Pros vs. Joes, Wreck Chasers, and six seasons of Ghost Adventures for Travel Channel.
Coupled with Raycom Sports, the combined entity will deliver close to 300 shows in 2012 including NFL and college football, college basketball, Major League Soccer games, producing games for ESPN, NBC Sports Network, FOX Sports, The NFL Network, The ACC Network, and The YES Network.
"We are very excited about this agreement with Raycom,"Ã‚Â said Glotzer, who has worked with Raycom Sports on several entertainment projects over the years. "The transaction will allow both THP and Raycom's client base to immediately benefit from the scale and incremental resources created by the combined entity."Ã‚Â
"This agreement will significantly boost the production and post-production capabilities of Raycom Sports,"Ã‚Â said Ken Haines, CEO of Raycom Sports. "Looking forward, we believe that the combined entity will continue to be a very significant player in the sports production business."Ã‚Â
"Raycom intends to develop more original programming for its portfolio of television stations going forward,"Ã‚Â said Pat LaPlatney, Vice-President of Business Development and Digital Media for Raycom. "Under the leadership of Cary and Michael, Tupelo-Honey and My Tupelo provide a solid foundation for that effort. This is in addition to the great work they currently produce with Ghost Adventures and the soon-to premeire, Baggage Battles for the Travel Channel, as well as the digital production work they execute for Conde' Nast."Ã‚Â