Ex-Time Inc. CEO to Acquire BASS LLC
Deal includes three magazines and two TV shows dedicated to fishermen.
Former Time Inc. CEO Don Logan has entered an agreement to buy BASS LLC—a Celebration, Florida-based membership organization with more than 500,000 bass anglers—from ESPN. The deal includes Bassmaster, BASSTimes and trade title Tackle Retailer. BASS also has two television shows in the Bassmaster Elite Series and Bassmaster Classic, which will continue to air on ESPN.
Logan partnered with a group of investors also led by Professional Bass Fisherman Hall of Famer and TV host Jerry McKinnis and businessman Jim Copeland, who sits on the board of directors at three Fortune 500 Companies. The BASS acquisition is currently in due diligence.
Before retiring in 2002, Logan oversaw Time Inc., America Online, Time Warner Cable and the Time Warner Book Group.