By Terence Dooley
City A.M., www.cityam.com , and The Sunday Times have reported that Nation Media, the parent company of BoxNation, is set to be a listed on the London Stock Exchange's Alternative Investment Market (AIM) — also known as the Junior Stock Market and an option for new, growing businesses that have never traded — in a move that could raise £5,000,000 for the U.K.'s only dedicated boxing channel. Nation Media is run by Richard Brooke, who has experience of floating companies — he was the finance director at BSkyB when they made the move — and, according to yesterday's The Sunday Times, the company could be valued at £20,000,000 when it is listed.
BoxNation was launched in 2011 and is the long-term brainchild of Frank Warren, who is a non-executive director of Nation Media. City A.M. have claimed that the reason for the junior stock market listing is to help the channel expand and release their long-awaited HD programming option. This is something that Warren has talked about in the past and was discussed in the summer as part of the channel's long-term plans for a service that strives to provide British boxing fans with their domestic and International boxing fix.
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