Cumming, who also founded Mountain Hardware, is joined by Mark A. Burchill, a co-founder of 24/7 Media, an Internet advertising company; Len Conway, a former equity partner in Telluride Ski and Golf Corp.; and John Cooney, an owner of EUE Screen Gems, Ltd., one of the largest film production companies in the US.
"We are big believers in the marketing power of resort based media," says Burchill, who heads the investor group. "We intend to build upon RSN's leadership position in resort media and grow all aspects of the business. We plan to add key resources including capital investment, media expertise and resort industry experience. Our ownership will be hands-on and passionate, we live and work in resort communities."
The sale is subject to FCC approval of the transfer of RSN's broadcast licenses, expected in early 2007. Once approval is given, the new ownership group will implement its plan to expand into additional markets and offer more resort based marketing opportunities to advertisers.