JumpTV, the Canada-headquartered online video aggregator, has bought London-based Cycling TV, for about $4.95 million. The subscription site, founded in 2003, currently has about 18,000 paying subscribers who pay, on average, an annual fee of about $40. In 2006, Cycling.tv streamed more than 130 live racing days of cycling and currently averages more than 12 live streamed race days per month, it said. It has long term rights for cycling races including Vuelta a Espana (one of the three European “Grand Tour” races), Paris Roubaix, Tour de Suisse, Criterium Dauphine du Libere and the Amstel Gold Race. It will become part of the JumpTVSports division along with the soon-to-be-acquired XOS Broadband Network, which it is acquiring for $60 million and JumpTV’s Hispanic sports portal, SportsYa.com, which it bought last year. Jump recently raised $100 million in an AIM IPO.http://www.paidcontent.org/entry/419-jumptv-buys-cyclingtv-for-5-million/
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