CBS has bought out high school sports/football site MaxPreps, and the business will become part of CBS-owned CSTV (College Sports Television). Terms were not disclosed.
Launched in 2003, MaxPreps.com publishes detailed high school sports information to a nationwide audience. The company aggregates its sports information from a network of thousands of high school coaches, professional photographers and freelance writers. It was funded by DFJ Frontier, Dolphin Equity, and BEV Capital, and based in Cameron Park, CA. CSTV is the college sports network CBS bought last year for $325 million.
Details in release.
Release: High School Sports Info Provider Receives $7 Million Funding