Scout Media files for bankruptcy

Submitted by I Like Burgers on December 11th, 2016 at 12:08 PM

Just came across this online, looks like Scout Media filed for Chapter 11 bankruptcy on Friday and is planning on selling what remains of the business.  Since September, they've contacted 154 potential buyers, 20 of which were interested, but none of them put forward a bid.  According to the article: 

In papers filed in bankruptcy court, lawyers for the company have proposed a court-supervised process in which bids for Scout Media’s assets would be due Jan. 17. An auction would be held in Wilmington, Del., Jan. 19, with a hearing to approve the winner scheduled for the following week. 

After the auction, the company is planning on winding down.

 

Comments

FauxMo

December 11th, 2016 at 12:12 PM ^

Wait, I thought Fox had bought them already? Does this have anything to do with Roger Ailes inappropriately touching anyone? WAIT, is this why Tom BEAVER left Scout???!!!??? The pieces are coming together... 

JBE

December 11th, 2016 at 12:20 PM ^

Less attention to/scrutiny of high school kids the better. All these recruiting websites need to go under, and then we can learn about these kids when they make their first play on the field.

Mr. Yost

December 11th, 2016 at 3:11 PM ^

Eh...I don't see like that that.

I see it like the same reason there aren't 4 major athletic shoe/apparel companies. The same reason there are 4 major cell phone carriers.

You could go on and on.

IMO this just speaks to the success of 247, the influence of Twitter and local sites like MGoBlog, etc.

There's a market, the others will just gobble up this share and keep growning/going.

Brian Griese

December 11th, 2016 at 12:49 PM ^

Twitter goes under too? Last I checked, no one has to grant an interview with a recruiting website. No high school athlete has to talk to the newspapers, and they certainly don't have to post about every visit/offer/text from a college coach on twitter. If a recruiting website gathers up all this info in one spot, why are they the bad guy?

I Like Burgers

December 11th, 2016 at 12:59 PM ^

People don't take interest in them to make a dollar.  People are interested in recruiting, and then there are people/companies that pop up to provide information to satiate that interest.  And then if they are lucky, they make money off of it.

And its not the kid's fault that people are interested in them.  Recruiting is the life blood of CFB, and as long as there is interest in CFB, there are going to be recruiting sites.

JBE

December 11th, 2016 at 3:11 PM ^

You used to need talent to make porn. You had to have a story, know how to use lighting, scout locations, ladies, but the internet ruined all that. Now any Tom, Dick, or Hairy can get a handheld and a failed actress and pound away on a gummy couch in a decrepit apartment. The mystique is gone. Just like in college football recruiting.

coldnjl

December 11th, 2016 at 12:32 PM ^

I used to love Scout and was a long time member...but I hated Tom Beaver...Access to Sam wasn't worth reading his drivel. Have yet to try 247, but it is clear Steve is a professional and I may give it a try still.

Farnn

December 11th, 2016 at 12:53 PM ^

247 is the first site I subscribed to and I really appreciate Steve's professionalism in an industry that seems to be largely comprised of unprofessional man-children.  Actual writers for these sites who pester kids incessantly for quotes, trash them when they choose other teams, and insult their team's rivals like a teenager on a message board.

Steve, while he got into the business by doing interviews with kids, now tries to avoid that by speaking with HS coaches and sources within the Michigan program.  To a recent poster on the board who wanted mid-visit up dates like another team site provided, Steve told him to find another board.  It is not his style to bother the kids mid visit and I respect him for that.  He also tries to not publish what kids don't want out there, and is a bit more cryptic as a result.  However, he also doesn't blow smoke up readers asses or make clickbaity headlines to get people to subscribe.

kevin holt

December 11th, 2016 at 12:20 PM ^

The buyer could theoretically operate the website but yeah doesn't look good. I'm a bankruptcy lawyer (extremely new and basically don't know shit but I can pretend) and this is the rare time I am actually relevant on the internet so this has been my one-sentence contribution.