By MATT BOONE
MMANEWS.COM Staff Writer
The following is an excerpt from an article from the USA Today online website:
Viacom buys Bellator, plans 2013 start on Spike
By Sergio Non, USA TODAY
“MTV Networks' Spike TV channel is getting out of the Ultimate Fighting Championship's business, but the broadcaster has increased its ties to mixed martial arts.
Viacom, parent of MTV Networks, bought a majority stake in Bellator Fighting Championships and will start airing the promotion's bouts on Spike in 2013, the companies told USA TODAY this week. They've had ongoing talks for about a year as they finished up various deals, and over the past month finally reached the point where they could announce the news, Bellator CEO Bjorn Rebney said.
Selling to Viacom's entertainment conglomerate guarantees a stable future for Bellator, said Rebney, who will remain in charge of the MMA organization.
“It puts all of those cornerstones of ownership in place for us,” he said. “Which is something that's been so seriously lacking in the MMA space with so many different companies, including Strikeforce and the IFL and Affliction and all the different failures that have occurred.