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DAILY RACING FORM ACQUIRES PUBLISHING ASSETS OF SPORTS EYE, INC.
DRF to Continue to Publish Complete Line of Sports Eye Horse Racing, Harness Racing and Sports Publications
New York, NY (November 16, 2005) -- Daily Racing Form announced today that it has acquired the publishing assets of Port Washington, NY-based Sports Eye, Inc., a 41-year-old company that produces a variety of thoroughbred racing, harness racing and sports publications.
Founded in 1964, Sports Eye publishes the Daily Racing Program, several New York OTB publications, the Daily Harness Racing Program, Harness Eye newspaper, College and Pro Football Weekly, Sports Form and The Platinum Sheets weekly, a college and professional basketball publication. Daily Racing Form, the 111-year-old national daily newspaper for Thoroughbred horseplayers, will continue to publish these Sports Eye titles.
Said Brent Diamond, CEO of Daily Racing Form: "Sports Eye has done a tremendous job producing publications for the casual and new horseplayer, which is an area that we haven't focused on with the Daily Racing Form products. We believe there is an opportunity to provide information to the full range of horseplayers and this will allow us to do so. We're very excited about expanding our current business with these products."
"This acquisition also provides us with the opportunity to extend our franchise into sports publishing, which is something we planned when we acquired Daily Racing Form as our platform asset in May, 2004."
ABOUT DAILY RACING FORM
Daily Racing Form, "America's Turf Authority since 1894," for Thoroughbred racing horseplayers and professionals throughout North America, is the only daily national newspaper in the U.S. dedicated solely to the coverage of a single sport. Daily Racing Form provides the most comprehensive news and information about horseracing in the world, printing up to 31 separate editions across the U.S. and Canada, as well as online at www.drf.com. Daily Racing Form is a portfolio company of the Wicks Groups of Companies, LLC, a New York based middle market private equity firm that is focused on the media, communications and information industries.
CONTACT
CONTACT: O'Leary & Cosentino Communications
Tim O'Leary (914) 592-5020 or occgroup@aol.com
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