BleacherReport's CEO Brian Grey, and three of the company's co-founders Bryan Goldberg VP of Marketi

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BleacherReport's CEO Brian Grey, and three of the company's co-founders Bryan Goldberg VP of Marketing Business Operations, Dave Finocchio, VP of Product Content, and Dave Nemetz, VP of Video and Business Development, during the teams Tuesday morning meeting in San Francisco, Tuesday September 6, 2011.
Turner Broadcasting, a subsidiary of Time Warner, on Monday announced that it had purchased the San Francisco-based website for an undisclosed amount. Bloomberg News and Reuters cited unnamed sources in reporting that the price was less than $200 million, and The Wall Street Journal reported the price as "about $175 million."
Bleacher Report was launched by four 20-somethings eager to blog about their favorite sports teams and invite others to do the same. The site became a hit thanks to a legion of contributors willing to write about sports for free.
The co-founders -- Dave Finocchio, Bryan Goldberg, Dave Nemetz and Zander Freund -- have worked to professionalize the site in the past few years, pulling in at least $39 million worth of venture capital rent a luxury car for one day in chicago and hiring executives from larger, more established properties. Grey left Fox Interactive to become CEO.
Bleacher Report ranked ninth in the June comScore rankings of U.S. online rent a luxury car for one day in chicago sports sites, Advertisement with 10.1 million unique visitors. Turner Sports Digital, which includes sites such as NBA.com and NASCAR.com, was sixth, with 14.8 million visitors.
But armchair quarterbacks rent a luxury car for one day in chicago hoping to parlay their hobbies into millions might want to take a breath, warned Paul Moriarty, an Internet security rent a luxury car for one day in chicago consultant in San Jose who on the side runs a fan email list and website devoted to the Boston Celtics.
The company will remain in San Francisco, according to Monday's announcement. Finocchio, who rounded up his former high school cohorts to start the site, will remain as chief content officer and become a vice president for Turner Sports.
The deal gives Turner Sports a stronger presence in Internet sports journalism, after the company last year handed rent a luxury car for one day in chicago control of Golf.com and Sports Illustrated's SI.com back to its parent company, Time Warner.
"Bleacher Report is a strategic acquisition rent a luxury car for one day in chicago that further enhances Turner's portfolio of sports offerings," David Levy, president of sales and sports of Turner Broadcasting, said in the release. He added that the deal "reflects our continuing commitment to bring fans greater content across all screens."
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