GAC Media Snaps Discovery's Great American Country Network for Undisclosed Sum

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  • A newly-formed group of US-based investors, GAC Media, acquired Discovery Inc’s DISCA the Great American Country (GAC) network.
  • The financial terms of the transaction were not disclosed.
  • GAC’s format includes lifestyle programming and is available in 40 million television households. GAC Media also acquired high-definition television network RIDE TV.       
  • Industry veteran Bill Abbott will run GAC and RIDE TV as the CEO.
  • Price action: DISCA shares traded lower by 0.25% at $31.47 on the last check Monday.
Posted In: M&ANewsTechMediaBriefs
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