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Resort Sports Network Secures US$20 Million

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PORTLAND, Maine/USA (14 July 2000) –† Resort Sports Network, Inc., (RSN) creator of the mountain resort-based national broadcast and cable television network and web site www.RSN.com, considered a leading source for outdoor sports lifestyle information, has announced $20 million in second-round venture capital financing. “The interest and support of Resort Sports Network by top players […]

PORTLAND, Maine/USA (14 July 2000) –† Resort Sports Network, Inc., (RSN) creator of the mountain resort-based national broadcast and cable television network and web site www.RSN.com, considered a leading source for outdoor sports lifestyle information, has announced $20 million in second-round venture capital financing. “The interest and support of Resort Sports Network by top players in the investment and media communities is proof that the market is rewarding
companies with healthy revenue streams, solid growth strategies and strong consumer followings already in place,” said Bill Burke, Resort Sports
Network president and CEO. Investors in RSN include Advent International, Allen & Company and PH Ventures. The $20 million will be used in part to expand the reach of† RSN.comTV, a web-TV convergence product that merges real-time Internet content with RSN programming for broadcast through cable networks such as CNN Headline News to metropolitan markets nationwide, states the release. RSN.comTV currently reaches San Francisco, Denver, Boston and Portland (Maine) with more than 10 new metro markets targeted for the next year. Headquartered in Portland, Maine, RSN is a privately held, 14-year ‘young’ company whose omnimedia offerings include the RSN cable television network, (Nielsen’s No. 1 rated daily programming in more than 56 resort areas); RSN.com, a leading outdoor lifestyle website; and RSN.comTV, a convergence of web and television programming appearing daily in major metro markets on CNN Headline News, The Weather Channel and other cable outlets. For more information about RSN contact Mike Trainor at The Castle Group, (617) 227-0012, ext.† 231, mtrainor@thecastlegrp.com. (JW)

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