Scout Media Inc. has been acquired by Fox Interactive Media. No details about a purchase price have been released (or guesstimated so far).

"Fox Interactive Media today announced that it had signed a definitive agreement to acquire Scout Media, Inc., the parent company of Scout.com, the country's number one independent online sports network, and Scout Publishing, producer of 47 of the most widely read local sports magazines in the U.S."

"Launched in 2001 and backed by former NFL quarterback Bernie Kosar, his brother Brian and their investment company, Kosar Investments LLC, Scout Media's network of more than 200 local, team-focused websites and 47 publications deliver exclusive content focusing on professional, college and high school team sports from some of the most seasoned sports reporters in the country. With a subscription base of over 200,000 and a total of 2.4 million unique visitors per month, Scout has quickly become the leader in independent online sports news. It's also earned a reputation as the most trusted source of college and professional sports recruiting and scouting coverage on the Internet, producing more than 1000 player and team content pieces each day, regardless of season."

If you were wondering what Scout is really doing - Here is a rundown:

"Company Overview Scout.com is an integrated sports publishing company consisting of two separate divisions that work closely together to deliver a unique and highly integrated Internet and print product offering. The Internet publishing division consists of a network of more than 200 web sites that publish inside and exclusive content focusing on College, NFL, MLB, High School and other professional team sports. The network is managed with Scout's proprietary Camelot publishing technology that allows publishers to rapidly write, cross-reference, distribute and syndicate stories and information about sports from anywhere in the world. Scout Publishing is the Company's print publishing division. It produces 45 of the most widely read independent college and professional team focused magazines in the country. Scout Publishing magazines utilize the content and audience of Scout.com to develop, promote and market its editorially rich, high quality, "glossy" monthly magazines. Together, print and Internet publications complement one another enabling each to offer a broad selection of extremely high quality sports related information. Scout content reaches more than 2.1 million people directly and another 36 million through syndication each month (1,100 pieces of content syndicated daily), making Scout the most read independent sports publisher in the country."