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Brent Musberger Purchase

Wagerallsports

Wagerallsports

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Mar 6, 2018
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Musburger buys VSiN back from DraftKings​

LV REVIEW JOURNAL SUBSCRIPTION

Musburger Media has purchased the Vegas Stats & Information Network from DraftKings for an undisclosed amount, according to a company release.

The deal returns VSiN, the Las Vegas-born sports betting-centric broadcasting network, to the media company and extended family who first launched the concept in 2017. Boston-based DraftKings bought VSiN from Musburger Media in 2021 for a reported $70 million.

There will not be any immediate changes to the company’s 24/7 sports gambling coverage. Brian Musburger and Bill Adee, both of whom were part of the group that launched VSiN, will lead the company moving forward, according to the press release.

Musburger expressed appreciation toward DraftKings while adding the company was “excited” about “cementing our position as a trusted authority in sports betting.”

“While a lot has changed in the sports betting industry over the past three-and-a-half years, our original vision for VSiN still holds and we are committed to delivering the most credible, independent information and analysis sports bettors can find anywhere,” Musburger said.

Stephanie Sherman, DraftKings’s chief marketing officer, indicated in the news release that the company would continue advertising on VSiN.

“DraftKings continues to optimize its investments in content and media to align with the most critical areas and needs of our business strategy, objectives, and goals,” she said.

DraftKings and its chief rival FanDuel are the two highest-revenue generating sportsbook operators in the United States. According to research and analytics firm Eilers & Krejcik Gaming, the two companies account for approximately 67 percent of the domestic market share of online sports betting and internet casino among regulated operators.

VSiN’s newsroom studio is located inside the sportsbook at the Circa casino-hotel in downtown Las Vegas. The studio was previously located at South Point casino hotel. VSiN also used to operate a satellite studio on the East Coast inside Atlantic City’s Ocean casino hotel.
 

djefferis

djefferis

Joined
Jan 8, 2024
Messages
4,016
Funny how all these properties being grabbed up by legal sportsbetting sites are being sold (at a significant loss) by the same sites now that they got established and quickly realized the market for legal gaming was not nearly as lucrative as they felt it would be.

There is revenue there - but dividing it a million ways is just killing the profits - and unsurprisingly - people will continue to bet offshore/illegally for a variety of reasons. Males 18-30 represent a lucrative market - but you’re not gonna get rich even if they never win a parlay playing $5 at a time.

Don’t blame those who cashed in when they could - and now that the operators are realizing what a drain on their finances running media is - don’t blame them for buying back for nickels on the dollar. Run right - these outlets can generate a decent profit - IF you keep your cost in line with your revenue.

Think of it like the whole Diamond Sports debacle and bankruptcy - run around and overpay for a bunch of mid/small market baseball teams media rights - over leverage your finances and borrow more and more - sooner or later you run out of funding. Fortunately - the principles weren’t too far gone to step back in and save the companies they just sold in these cases.
 

rsstreams

rsstreams

Joined
Apr 28, 2022
Messages
486
These days there isn't much handicapping on VSiN I think is the way most viewers that watched the network from the outset and then DK started to put its mark on it. It feels like the loyal viewers want their old VSiN back and think they will get it after this deal.

As far as the regular shows, I only prefer the morning show and then Wes Reynolds and Matt Youmans, although Youmans never really makes any reasonable play on the air other than two dollar money line favorites. He is always getting ready for the next season of whatever sport is coming up but really never makes a play.

Their best content is bringing in cappers for their plays on these shows.
 

Tanko

Tanko

Joined
Oct 27, 2021
Messages
55,114
Musburger a true gambler at heart. Hopefully he will make the network even better
He really is.

We were staying at the Stardust and he had a radio show. After the show you could talk to him and he was talking odds and games constantly. Way more knowledgeable than I ever thought he would be. I bet he makes VSIN decent again.
 

Wagerallsports

Wagerallsports

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Mar 6, 2018
Messages
69,485

Brent Musburger returning to CBS for ‘NFL Today’ 50th anniversary show​

LV REVIEW JOURNAL SUBSCRIPTION
TV viewers haven’t looked live at Brent Musburger on CBS since April 2, 1990.

That’s when the legendary sportscaster called UNLV’s win over Duke in the NCAA men’s basketball national championship game in his final assignment for the network.

Musburger, 86, will return to CBS on “The NFL Today” on Sept. 21 as part of a 50th anniversary throwback edition of the groundbreaking pregame show he hosted from 1975 to 1990.

“I’m going to be perfectly honest,” Musburger told the Las Vegas Review-Journal. “When I left CBS after the UNLV victory over Duke in 1990, if you said to me, ‘Brent, someday you’re going to go back and say, ‘You are looking live’ on CBS, I’d say ‘Forget about it. Not gonna happen.’

“But here it is and I’m so happy to go back and say it again. It’s a thrill to go back there, and I just want to stay out of everybody’s way. I do want to say, ‘You are looking live.’ I guess on my tombstone I’ll have, ‘You were looking live.’ ”
Musburger rose to fame and set the standard for studio hosts on “The NFL Today,” which became the prototype for all sports studio shows. It broke ground as the first live pregame show and featured the first female co-host in Phyllis George, the first Black co-host in Irv Cross, the first Black female co-host in Jayne Kennedy and the first sports betting analyst in Jimmy “The Greek” Snyder.

It also innovated with live shots of NFL stadiums to open the show to better inform over-under bets, which is how Musburger came up with his signature catchphrase.

Hall of Fame honor

Musburger, who moved to Las Vegas from his native Montana in 2017 to launch VSiN, the first sports betting network, recently received the Pete Rozelle Radio-Television Award from the Pro Football Hall of Fame.

“It was unexpected and I’m so appreciative of people like (sportscasters) Jim Nantz and Dan Patrick and (Hall of Fame coach) Dick Vermeil,” he said. “I don’t think it would’ve happened without their help.”

Musburger was presented with the prestigious award by Kennedy during the Enshrinees’ Gold Jacket Dinner in Canton, Ohio, attended by more than 100 Hall of Famers.

“I was like a little kid surrounded by all these guys I’d covered back in the day. Then going through the Hall with my son Scott. It was really a very special week,” he said. “The only sad part for me was that Phyllis George and Irv Cross and Jimmy ‘The Greek’ weren’t there with me, because it was a team effort.”

Brent-Greek brawl

Musburger and Snyder teamed up to help introduce sports betting to a national audience long before it was legalized across the country. But they didn’t always get along.

In fact, Snyder threw a punch at Musburger on a Sunday night in 1980 at a Manhattan bar named Peartrees. Musburger said Snyder, upset over not getting enough air time during that day’s show, confronted him as he sat in a booth with his brother Todd.

“We were sitting there and there were two people at the bar. In strolls ‘The Greek.’ This was certainly not the first pub he had visited on Sunday and he was aggravated because he thought that I had shortchanged him on time and given too much to Miss Phyllis,” he said. “Kind of out of the blue — I might have said something, ‘Oh, forget about it, Greek,’ something like that — and he sucker punched me. It wasn’t a very hard punch.

“My brother dove across the table to get at him. The smartest guy in the room was the bartender. He turned the lights off. By the time the lights were turned back on, all of us were up and we had Todd and ‘The Greek’ under control. Things had calmed down.”

The altercation made headlines on the cover of the next day’s New York Post.

“One of the guys at the bar worked at the city desk at the Post and he had come in on a break. He went back to the office and told them about the fight between Brent and Jimmy ‘The Greek,’” he said. “I got a call from the head of CBS Sports and he was furious. He said, ‘I’m going to fire the Greek.’ And I was shocked. I talked to Arlene, my wife, and said ‘I don’t want that to be something they fire the Greek over.’ I called him back at CBS and said, ‘Listen, a couple brothers had a moment in time where they didn’t get along. Let me work this out, but please don’t fire him.’

“Bob Arum was another good friend of mine, the boxing promoter. He provided me with some boxing gloves and we got a bell and we opened the show the next week wearing gloves and hitting the bell. It was a couple brothers making light of what happened the previous week.”
 
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