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On January 7, 2016, it was announced by David Portnoy in a video that Chernin Media was acquiring a majority stake in the popular website Barstool Sports and moving the headquarters to New York City. In 2018, Chernin, Jesse Jacobs, and Michael Kerns of The Chernin Group formed TCG Capital Management , an investment advisory firm.
Feb 17, 2023 · Barstool Sports is now “fully owned by casino operator and entertainment company Penn Entertainment,” according to Todd Spangler of VARIETY. Penn said that it paid $388M for the “64% stake in Barstool it did not already own.”.
Feb 17, 2023 · Barstool founder Dave Portnoy had sold majority control of Barstool to Peter Chernin’s Chernin Group in 2016. That initial agreement included a path for Penn to establish full control and...
- Todd Spangler
Oct 25, 2016 · Bloomberg - Credit longtime Hollywood executive Peter Chernin with igniting the spark that led to AT&T Inc.’s $85.4 billion takeover of Time Warner Inc. Chernin and AT&T CEO Randall Stephenson met ove...
Jan 11, 2016 · At a time when the sports world is trying to clean up its act in terms of sexism and domestic violence, what signal does Peter Chernin's hefty investment in Barstool Sports send?
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Jan 7, 2016 · Barstool Sports, the Boston-based satirical sports and men's lifestyle blog that's popular among male millennials, announced in an emergency press conference that it had been acquired by Peter...