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Clay Travis Shares Details Of Outkick/FOX Deal With Dave Portnoy

“He and Portnoy agreed that gambling companies are likely overvalued right now and this is the time any content creator can make the most money from them.”

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Two of the internet’s greatest provocateurs got together for a podcast this week. Clay Travis was a guest on Barstool’s The Dave Portnoy Show with Eddie & Company. Despite the fact that they approach entertainment in the same way, it has been a while since Travis and Portnoy have spoken due to a disagreement and some professional rivalry between them.

“This, I guess, is the end of the Cold War,” Portnoy said when he brought Clay onto the show. Portnoy’s first question was whether or not Travis expected to be walking into an ambush.

“I did,” Travis answered honestly.

The interview was actually the exact opposite of an ambush. It began with Portnoy praising Travis for the deal he made to sell Outkick to FOX. While Travis said the sale price had not yet been made public and wouldn’t go into details, he did say he was “super happy” with the sales price and that he would be “a hundred million dollar plus guy,” taxes not withstanding. Clay stated that Outkick didn’t set out to sell the company, but as groups began to seek them out and express interest, it just made sense to pursue the opportunity.

Clay said he was motivated to sell due to the heat in the gambling industry right now. Barstool was one of the companies who discussed the possibility of acquiring Outkick. DraftKings did so as well. Clay projects that in the future, online sportsbooks will be run by “the four or five guys positioned to be standing in a big way.” He added that if he were leading a sports betting company today he’d make an aggressive run at Adam Schefter, Adrian Wojnarowski and other high profile newsbreakers. Portnoy and Travis agreed that gambling companies are likely overvalued right now and this is the time any content creator can make the most money from them.

“We probably played a fairly significant role in that,” Portnoy said, referencing the 2020 sale of Barstool Sports to Penn National.

One subject Portnoy was particularly interested in was exclusivity. He was surprised to learn that Outkick will not be forced to exclusively play and promote the FOX Bet app.

“We are still in charge of negotiating what partnerships we are going to have,” Travis said. “We are not exclusive to FOX Bet. At Outkick, we’re talking to everybody right now.” That apparently includes FanDuel, who Travis says Outkick is in negotiations with on an extension of the online gambling giant’s sponsorship.

FOX reportedly didn’t just want the Outkick name. They specifically wanted Travis and his brand’s sports betting influence. Clay told Portnoy that Outkick is either #1 or near the top among affiliate sites in delivering signups for FanDuel. He revealed that similar to the conditions Penn National put on Barstool in order for that sale to close, FOX locked Travis into a five year deal to continue creating content for the site.

According to Travis, Outkick was on track to generate a 10 million profit in 2021. That left him questioning whether it was smart to sell in the 2nd inning rather than the 5th. But once FOX emerged as a suitor, he felt good about the fit. The combination of the company’s reach in sports and news, its position in the sports betting space, his eight years of working with them, and their willingness to stand behind talent when they step into a fire made them the right business partner for Outkick.

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Dave Portnoy Tells Business Insider CEO He Is ‘Piece Of S*** Coward’

“Despite objections from the moderator, Dave Portnoy got out his entire question before his mic was muted.”

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Dave Portnoy is not going to move on from his hate of Business Insider. The Barstool founder joined a Twitter Spaces session on Thursday night where the public had a chance to talk to Business Insider CEO Henry Blodget.

The event was hosted by the New York Times. Blodget was part of a panel discussing issues facing the business community.

“So yeah, I saw that piece of shit Henry Blodget’s on there,” Portnoy said when his mic went live. “My first question’s why would a piece of shit who’s been banned by the SEC from talking about stocks be on there. My second question is hey Henry, you f***ing coward, you know everything you wrote about me was bullshit. Why don’t you ever sit down with me you f***ing piece of shit coward. That’s my question.”

Despite objections from the moderator, Dave Portnoy got out his entire question before his mic was muted. No answer came. The moderator apologized to Blodget and ended the event.

The accusations of Blodget being banned by the SEC from discussing financial advice are true. Portnoy was referncing fraud charges that Blodget settled in 2003 when he was a Wall Street analyst.

Business Insider has ran a salacious piece about Portnoy’s sex life in November. It included accusations of misconduct from three women that claimed consensual sexual encounters with Portnoy took a dark turn without their consent.

Dave Portnoy has maintained the story is not true. He has also threatened to sue Blodget, Business Insider and the story’s author Julia Black.

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Mile High Sports Acquires Colorado Preps

“Mile High Sports adds Colorado Preps to a portfolio that includes a radio brand broadcasting on 98.1 FM and 107.5 FM HD-3 in Denver, a magazine, and MileHighSports.com.”

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Mile High Sports has acquired the Colorado Preps brand, including ColoradoPreps.com and the company’s radio and podcast networks. The deal is effective immediately.

“I am proud of what we’ve accomplished through 19 years of the Colorado Preps Network and very excited about the future with Mile High Sports,” said Kevin Shaffer, owner and founder of Colorado Preps. “The MHS crew is poised to bring additional and expanded coverage to high school sports across the state and we’re honored to stay involved with the network and help its growth.”

He will remain on the staff and continue hosting and producing radio and digital shows.

“With the elimination of the Rocky Mountain News, and shrinking budgets across most news outlets, local high school sports coverage has often and unfortunately become the casualty,” said Mile High Sports Editor-in-Chief Doug Ottewill. “But there will always be kids playing sports and parents wanting to read about those kids playing sports. I think ColoradoPreps.com fills a need and a niche that will never go away, no matter what’s happening on the bigger sports landscape in Colorado.”

Mile High Sports adds Colorado Preps to a portfolio that includes a radio brand broadcasting on 98.1 FM and 107.5 FM HD-3 in Denver, a magazine, and MileHighSports.com.

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Barstool Sports To Eliminate Some Podcasts

“We almost created a model where we started with all the resources, we didn’t start with the idea or the people and as a result, we have a lot of things that weren’t necessarily going in the right places.”

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Barstool Sports is doing some internal re-organizing. As a result, some shows are being cancelled.

Talking on her podcast Token CEO, Barstool Sports CEO Erika Nardini said the company has looked under the hood the past few months and are trying to clean things up.

Nardini also stated that the company’s spending needs to be reined in. She feels like too much has been invested in content that hasn’t been delivered, and creative freedom has become more of a curse than a blessing.

“We almost created a model where we started with all the resources, we didn’t start with the idea or the people and as a result, we have a lot of things that weren’t necessarily going in the right places,” she said.

In the podcast space, Barstool has 94 different offerings to choose from. Nardini said it’s just become too much, and they’re going to have to scale things back.

“No company of our size should have 94 shows,” she said. “What was my mistake and our mistake? We treated all 94 shows equal.”

Nardini realizes that means tough decisions are going to have to be made. Good, talented people will either have to move on or their jobs will be re-purposed.

“I’m bummed that it impacts people’s jobs,” she said. “I think that is a really, really serious thing when a role gets impacted and things change. You have to take that with a little bit of a heavy heart.”

Erika didn’t specify which shows, in particular, would be getting the ax, but it’s believed that the show Podfathers will be among them.

Show co-hosts Michael McCarthy aka “Large” and Justin Clemenza aka “Clem” took to Twitter and to the Barstool blog to announce the parenting podcast was no more.

Jordan Demcher aka “Jordie” tweeted a couple of thoughts on the situation but then clarified his podcast would carry on.

Keep your eyes on social media over the next few days for more details on this situation from Barstool’s personalities.

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