Chernin Group Buys Majority Stake in Barstool Sports

Re/code: The Chernin Group, the firm led by media investor Peter Chernin, has taken a majority stake in the controversial sports blog website Barstool Sports. Jesse Jacobs and Mike Kerns of TCG will join the Barstool Sports board. There will be a non-editorial management shuffle and the opening of a new content studio in Manhattan. Barstool Sports announced the deal in a post of its website, written in its breezy, macho house style.