The joint venture, called STATS, LLC, combines leading sports information and statistical analysis company STATS, Inc owned by News Corporation, with The Associated Press’ (AP) multimedia sports service, MegaSports.

Gary Walrath, current CEO of STATS, Inc will serve as president and CEO of the new joint venture, and will report to a board equally comprising representatives from News Corporation and AP.

“With the editorial content of MegaSports and the research data of STATS, we can offer superior sports coverage to our clients in the US and accelerate our rollout into international markets, including Asia, Australia and the UK,” says Walrath.

STATS, LLC will be the most prolific sports information source for several key business segments: professional teams; sports agents; sports broadcast production, cable and satellite networks; interactive television; broadband, wireless and internet; game developers and fantasy sports providers; print media and wire services.

The company will retain STATS’ current headquarters in the Chicago area and its offices in Los Angeles.

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