On August 25, 2012, Rogers announced that it would acquire the television assets of Score Media, owners of The Score Television Network (a competing sports network which primarily airs sports news and highlights, alongside event coverage), in a transaction valued at $167 million. The acquisition itself closed on October 19, 2012, at which point Score Media's digital assets (including its website and mobile apps) were spun off into another company, theScore Inc., in which Rogers Media would retain a 10% interest. Score Media's TV properties were immediately placed into a blind trust, under trustee Peter Viner, pending final CRTC approval. Rogers plans to continue running the network as a sports news service.