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

Suggested Articles

Comcast and Fox have come to terms on an expansive new distribution agreement covering broadcast, cable and streaming channels.

Despite the widespread disruption caused by the coronavirus pandemic, the U.S. cable industry should remain “relatively stable,” according to Moody’s.

Comcast released some data on the uptick in network activity it’s seen since most Americans began social distancing.