Dive summary:

• After months of discussions, All Things D was the first to report that Turner Networks is buying The Bleacher Report for just under $200 million. 
• The Bleacher Report, a sports news site, has about 10 million unique visitors a month and is on pace to book $30 million in revenue this year.
• The site relies on content from its mostly unpaid users who churn out over 1,000 articles a day.

From the article:

Time Warner's Turner Networks is expected to announce its acquisition of sports website Bleacher Report for just under $200 million later today, according a source close to the talks.

The deal concludes months of talks between Time Warner and the site built on amateur sports coverage and analysis. The deal was first reported by AllThingsD.