News Corp. is in talks to sell its action sports network Fuel TV to Viacom.
The story was first reported by the SportsBusiness Journal.
However, a follow-up report by The Hollywood Reporter says News Corp. and Viacom aren’t close to completing a deal, as the SportsBusiness Journal article suggested.
THR says that according to its sources, the two sides haven’t yet progressed to settling on a price. The companies declined to comment to THR.