JumpTV To Restructure And Focus On Sports And Latin Content

JumpTV, the Canada-based online video content provider which has made a string of acquisitions in the U.S. market in the last year, is going through a rethink of its business, and has hired a bank to sell off two lines of its business. The company bought three sports related sites in U.S. in the last 18 months or so, including SportsYa, Cycling.tv and XOS, in an effort to expand beyond its original mandate of ethic TV channels from around the world. It also did a $100 million IPO on AIM last year. Now, the company has decided to focus on sports content and Latin American content, both on the video side, and has hired Oppenheimer & Co. as its bank to sell two lines of its business:
http://www.paidcontent.org/entry/419-jumptv-to-restruture-and-focus-on-sports-and-latin-content-sale-of-othe/