GAC Media, a newly-formed group of U.S. investors, has acquired the Great American Country network, a staple of country music fans, from Discovery for an undisclosed price.Contemporaneous with the deal, GAC Media also acquired Ride TV, a 24-hour, high-definition network for equestrian sports, culture and lifestyle.
It said theses mark its first two investments in family-friendly programming. Privately-held Ride Television Network is based in Fort Worth, Texas.GAC Media was formed by Dallas-based Hicks Equity Partners and television veteran Bill Abbott and includes U.S.-based family offices.
Hicks Equity Partners is the private equity arm of the Thomas O. Hicks family office.Abbot is the former CEO of Crown Media Family Networks, parent of
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