News Brief

USA Today Acquires Action Sports Destination

USA Today on Thursday announced the acquisition of Banquet, the operator of action sports destination along with the Cold War Collective action sports ad network of over 20 affiliated Web sites and blogs.

Terms of the deal were not disclosed. Company management will continue in their current roles and the company will remain in Pasadena, Calif. with an executive office in McLean, Va. is a video community destination covering some eight different sports categories, including skateboarding, snowboarding, surfing, freestyle motocross, BMX biking, wakeboarding, free-skiing and mountain biking.

--Gavin O'Malley

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