InterMedia boosts WCSN with backing

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World Championship Sports Network, which focuses on Olympic and lifestyle sports, has closed "significant financing" with private equity firm InterMedia Partners, which now becomes a majority stakeholder in WCSN.

"They are an investor as well as a strategic partner," WCSN chairman Claude Ruibal said. "This gives us enough investment capital to take us close to profitability and build the business."

Meanwhile, WCSN also has inked a deal with ESPN to bring exclusive live Olympic and lifestyle sports event coverage to ESPN360.com, the recently relaunched live sports broadband network. Additionally, ESPN.com will feature highlights, and the two sites will collaborate to share sports news and information content across WCSN.com and ESPN.com's Olympic sports section.
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