Blackout Media (Pink Sheets: BKMP) may not be a widespread name, but it is parent company to the popular Fight Network Inc., a cross-platform company with interests in television, radio, Web, mobile and Pay-Per-View media. The network caters to combatant sports fans, featuring boxing, wrestling, mixed martial arts, as well as “fight themes” movies, documentaries and television series including Ultimate Fighting Championship (UFC) and International Fight League (IFL).Blackout is a holding company with interest in Blackout Communications, a diversified media and entertainment company with operations in Canada and the United States. Founded in 1995, Blackout Media formerly operated under the name First Canadian Holding Corp., changing its name to Blackout in 2006.
In April, the company announced it was in “serious negotiations with a major North American communications/media company to acquire Blackout Communications,” but gave no further details.
“We have been involved in ongoing discussions for some time now with this significant multi-media communications company to sell Blackout Communications to them and it is finally coming to a conclusion,” said Sandy Winick, president of Blackout Media, in the press release. “As we are a significant shareholder of Blackout Communications we have a vested interest in the outcome of these talks. Now we are seeing some light at the end of the tunnel.”
On May 23, the company reported an update on the negotiations, still declining to name the company or release further information.
“We are still working through all the details and we hope to conclude the transaction by the summer,” said Winick.
