The networks include local cable channels in markets like St. Louis, Kansas City, New Orleans and Detroit
Sinclair is acquiring 21 regional sports networks, 14 of which have rights to MLB broadcasts. By Ben Strauss Ben Strauss Sports and media reporter Email Bio Follow May 3 at 5:27 PM Sinclair Broadcast Group and Disney announced the sale of 21 regional sports networks Friday, with Sinclair acquiring the RSNs in a deal valued at $10.6 billion. The networks include local cable channels in markets such as St.
The acquisitions add to a growing sports portfolio for Sinclair, which earlier this year announced a partnership with the Chicago Cubs to form a new regional sports network, Marquee Sports Network. Sinclair is also a part-owner of Stadium, a sports network available both on broadcast TV and digitally. Sinclair also owns the Tennis Channel and is part of a new ownership group of YES Network, which broadcasts New York Yankees games.
The financial future of regional sports networks is murkier than it once was as cord cutters have turned away from the cable bundle, though Sinclair’s media portfolio continues to expand. The company owns about 200 broadcast TV stations around the country. Sinclair has been criticized for its conservative-leaning programming on news broadcasts on its local stations.
The RSNs included in the deal are Fox Sports Arizona, Fox Sports Detroit, Fox Sports Florida, Fox Sports Sun, Fox Sports North, Fox Sports Wisconsin, Fox Sports Ohio, SportsTime Ohio, Fox Sports South, Fox Sports Carolina, Fox Sports Tennessee, Fox Sports Southeast, Fox Sports Southwest, Fox Sports Oklahoma, Fox Sports New Orleans, Fox Sports Midwest, Fox Sports Kansas City, Fox Sports Indiana, Fox Sports San Diego, Fox Sports West and Prime Ticket. Sinclair will also acquire Fox College Sports.
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Disney is selling 21 regional sports networks to Sinclair in a $10.6 billion dealDisney was required to sell the networks to receive approval for its $71 billion acquisition of Fox's assets.
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Sinclair Broadcast Group is buying 21 regional sports networks from Disney for $9.6 billionWalt Disney Co., which inherited the channels as part of its $71 billion deal for much of 21st Century Fox, had hoped to recoup as much as $20 billion for the regional sports networks, including Prime Ticket and Fox Sports West in LA. But a frenzied bidding war failed to materialize.
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Sinclair to purchase 21 regional sports networks from DisneySinclair Broadcast Group will purchase 21 regional sports networks from the Walt Disney Company for $9.6 billion, the two companies announced Friday.
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Sinclair Broadcast Group is buying 21 regional sports networks from DisneyWalt Disney Co., which inherited the channels as part of its $71 billion deal for much of 21st Century Fox, had hoped to recoup as much as $20 billion for the regional sports networks, including Prime Ticket and Fox Sports West in LA. But a frenzied bidding war failed to materialize.
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Disney to sell Fox regional sports networks to Sinclair for $9.6 billionWalt Disney Co said on Friday it would sell its interests in 21 regional sports ...
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