MTV Networks' Spike TV channel is getting out of the Ultimate Fighting Championship's business, but the broadcaster has increased its ties to mixed martial arts.
Viacom, parent of MTV Networks, bought a majority stake in Bellator Fighting Championships and will start airing the promotion's bouts on Spike in 2013, the companies told USA TODAY this week. They've had ongoing talks for about a year as they finished up various deals, and over the past month finally reached the point where they could announce the news, Bellator CEO Bjorn Rebney said.
