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Wige Media takes a stake in Sport Media Group

November 16, 2015 15.27 Europe/London By Jörn Krieger

WigeGerman media service provider Wige Media has become a shareholder in Sport Media Group, operator of web portals www.motorsport-total.com and www.formel1.de.

In the deal of which financial details have not been disclosed, the Cologne-based company takes over a 16.7% stake from main shareholder B&M Marketing and secures the option to purchase a total of up to 85%.

B&M Marketing will remain the main shareholder with 68.3% for the time being.

Sport Media Group whose sports portals reach a total of more than 1.2 million unique users per month is licence holder and partner of race series like Formula One, DTM, NASCAR, FIA European Rally Championship and FIA World Touring Car Championship.

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Filed Under: Newsline, Platforms, Second Screen, Web TV Tagged With: B&M Marketing, FIA, Formula One, NASCAR, Wige Media Edited: 16 November 2015 15:27

About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

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