Topic: regional sports network (RSN)
The traditional pay TV channel bundle is fragmenting and regional sports networks could be at risk of falling through the cracks.
Sinclair CEO Chris Ripley has looked out upon the incoming streaming wars, and has seen a landscape where media conglomerates will struggle to strive.
Amazon and Sinclair are among the companies chipping into to buy the Disney-owned YES Network, the TV home for the New York Yankees, Brooklyn Nets, New York City FC, and New York Liberty.
Sinclair just closed its $9.6 billion deal with Disney for 21 regional sports networks, and the television broadcast group may already be looking to add to its collection.
AT&T is reportedly considering selling off its regional sports networks to help pay down the massive debt load it incurred through its DirecTV and Time Warner acquisitions.
Sinclair’s recently launched ad-supported multichannel service STIRR could see benefits from the company’s recently announced $9.6 billion deal for Disney’s regional sports networks.
Sinclair’s stock is booming after the broadcast group emerged with a winning $9.6 billion bid late last week for 21 of Disney’s regional sports networks (RSN).
More than a year after Disney announced a deal to buy 21st Century Fox, CEO Bob Iger is assuring investors that the deal will be closing “soon.”
New Fox, consisting of what’s left after Disney’s acquisition of Fox, has officially ruled out an attempt to buy back its regional sports networks.
Amazon has reportedly jumped in with a bid for 21st Century Fox’s 22 regional sports networks that Disney is selling off as part of its $71.3 billion Fox acquisition.