Bankruptcy ruling finally clears sale of CSN Houston to AT&T and DirecTV

A federal bankruptcy judge has approved a restructuring that calls for the sale of struggling regional sports network Comcast SportsNet Houston to AT&T (NYSE: T) and DirecTV (NASDAQ: DTV).

Under the plan, as reported by the Houston Chronicle, AT&T and DirecTV will acquire the network and then re-launch it as Root Sports Houston.  According to Multichannel News, AT&T and DirecTV acquired SportsNet Houston for $5,000. 

The channel will then have something it didn't have when it was jointly launched in 2012 by Comcast, the Houston Rockets and the Houston Astros—carriage on a major pay-TV service other than Comcast (NASDAQ: CMCSA). Under the approved restructuring plan, both AT&T U-verse and DirecTV will carry RSN, along with Comcast.

Judge Marvin Isgur gave Comcast one week to appeal the ruling. But pending that, his decision Thursday ends a year of contentious bankruptcy-court haggling over the channel.

There was no timeline announced as to when the RSN will be re-launched—or how many Rockets games Houston NBA fans will miss in the process.

For more:
- read this Houston Chronicle story
- read this Multichannel News article

Related articles:
Comcast clears way for CSN Houston sale, will not appeal valuation
Comcast to appeal CSN Houston valuation ruling
Comcast loses key CSN Houston ruling, clearing sale to AT&T and DirecTV
Comcast SportsNet Houston value has dropped from $700M to $22M, consultant says
Comcast rejects latest SportsNet Houston deal
DirecTV set to take over Houston RSN it refused to carry

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