Tegna Buys Locked On Podcast Network, Startup Focused on Pro and College Sports Teams
Todd Spangler, provided by
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Tegna wants a bigger piece of the podcast action: The TV station group announced the acquisition of Locked On Podcast Network, which produces some 160 daily shows for teams across the U.S.’s four major pro sports leagues and more than 30 colleges.
Terms of the deal were not disclosed. Tegna said it will finance the acquisition through cash on hand, noting that the acquisition is not expected to materially affect its 2021 financial results. Park City, Utah-based Locked On will remain a standalone business within Tegna, expanding its podcast footprint alongside digital content studio Vault Studios and individual Tegna stations’ podcasting efforts.