Host Communications To Sell To IMG For $74 Million

LEXINGTON, Ky. (AP) - Sports marketing giant I-M-G is buying a Kentucky communications firm best known for broadcasting University of Kentucky sports.

The deal for Host Communications is worth about 74 (m) million dollars.

Host's headquarters will stay in Lexington.

Jim Host, the former Kentucky commerce secretary, says the deal was great for the two companies. He founded the company in 1972.

I-M-G is based in London, England, and has about 60 offices in 30 countries.

---
Information from: Lexington Herald-Leader,
http://www.kentucky.com

(Copyright 2007 by The Associated Press. All Rights Reserved.)


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Edmund Location: Toyota on Nov 13, 2007 at 08:25 AM
    Another profitable US company being sold to an out of the country investor. Let the PROFITS leave...the US...and go to merry ole England. Yeah, Mr Host, it looks really good....because YOU will benefit the most from it.

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Register for Email
RSS Feeds
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 11235556 - wkyt.com/a?a=11235556
Gray Television, Inc.