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CAA’s Chris Bevilacqua Won’t Confirm Report He’s Opening Own Shop

Exec to exit agency after two years as chief of Sports Media Venture division

Is Chris Bevilacqua, head of CAA’s Sports Media Venture, leaving the agency to launch his own shop?

Not necessarily, he says.

A report in Sports Business Journal says Bevilacqua has been raising capital for his own media consulting business and is looking for office space in New York.

But he tells The Wrap, "I wouldn't believe everything you read."

And left it at that.

Sports Business Journal says the new company, Bevilacqua Media Co., will be a separate entity from CAA. According to the report, Bevilacqua will continue to consult with CAA to fulfill client obligations before going independent. (The International Olympic Committee, the NCAA's Pac 10 conference, the San Diego Padres baseball franchise and the NHL are among Bevilacqua's current and/or former CAA clients.)

Bevilacqua, who launched and then sold CSTV to CBS for $325 million in 2005, joined CAA in 2008 after a stint at SCP Worldwide. He launched Sports Media Venture with CAA and Evolution Media Capital.

A CAA rep did not immediately return a call for comment Tuesday.

Michael Kokernak has written about the disruption of the traditional television business model for virtually every industry trade magazine since 1998. He is also an inventor and the company he founded, Backchannelmedia, has filed several patent applications in the TV advertising space. Kokernak’s company has been profiled in Business Week, New York Times, Boston Globe, Advertising Age, and in a Harvard Business School Case Study. He welcomes questions and comments at mkokernak@gmail.com or on LinkedIn.