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Time Warner Buys Bleacher Report

Bloomberg is reporting that Time Warner’s Turner Broadcasting System is purchasing the sports site Bleacher Report, for “less than $200 million.”

Bleacher Report was founded in 2006 by four friends, three of whom remain with the site as of now. According to Bloomberg, Bleacher Report gets about 10 million hits per month.

Bleacher Report also depends on a lot of its writers creating content for free. No word on if Turner’s acquisition will change that.

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