Hicks Equity-backed GCA Media completed the acquisition of Great American Country from Discovery for $90m.

Hicks Equity-backed GCA Media, a newly-formed group of US-based investors, completed the acquisition of Great American Country, a television network, from Discovery, a mass media and entertainment company, for $90m. Additionally, GCA Media completed the acquisition of RIDE TV, a high-definition television network. "Even as the entertainment ecosystem continues to rapidly evolve – both in terms of distribution platforms and underlying content – consumer interest in family friendly programming that enriches lives and offers safe entertainment options remains as strong as ever. GAC and RIDE TV represent cornerstone assets in this respect, and we look forward to growing both channels even as we pursue the larger goal of establishing new, well-resourced and engaging family-friendly programming," Bill Abbott, GAC Media CEO.