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FOS, the sports business news publisher formerly known as Front Office Sports, has received a new growth equity funding round from Crain Communications, valuing the company at around $25 million dollars, the company confirmed Tuesday.

Why it matters: Crain Communications is a holding group for many smaller industry publications, including Ad Age, Automotive News and Modern Healthcare.

Details: As part of the deal, KC Crain — president and chief executive officer for Crain Communications — will join the FOS board of directors, per a press statement.

Be smart: FOS is primarily a newsletter subscription company that makes money via sponsorships. The company added its subscription product last year.

The big picture: Front Office Sports rebrands to FOS

Crain Communications invests in Front Office Sports

FOS is primarily a newsletter subscription company that makes money via sponsorships.

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FOS, the sports business news publisher formerly known as Front Office Sports, has received a new growth equity funding round from Crain Communications, valuing the company at around $25 million dollars, the company confirmed Tuesday.Why it matters: Crain Communications is a holding group for many smaller industry publications, including Ad Age, Automotive News and Modern Healthcare.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Crain Communications invests in Front Office Sports

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