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Disney - FOX deal likely to consummate by "mid-2019"
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Transic_nyc Offline
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Post: #161
RE: Disney - FOX deal likely to consummate by "mid-2019"
Quote:The new-model Fox Corp. will not be a bidder in the auction of the 22 regional sports networks that Disney is set to buy from 21st Century Fox.

Fox confirmed in a Securities and Exchange Commission filing Friday that it “does not intend” to make a run at any of the RSNs about to change hands. The Disney-21st Century Fox transaction is expected to close by early March. Disney has to sell the local cablers to comply with the terms of the agreement it reached last year with the Justice Department clearing the way for the $71.3 billion transaction.

There’d been speculation that the new Fox set to emerge after the Disney deal is done would try to buy back those 22 outlets. The RSNs were valued at about $20 billion in the terms of the Disney-21st Century Fox transaction. It’s still unclear how robust the market is for Disney’s mandated sale process. RSNs have become a lightning rod in the pay-TV arena because they command high per subscriber fees, driving up MVPD bills. But long-term there’s also concern about whether RSNs will be able to hang on to local sports rights as deep-pocketed digital giants barrel into the premium video business.

https://variety.com/2019/biz/news/fox-di...203105421/
01-11-2019 10:25 AM
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solohawks Online
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Post: #162
RE: Disney - FOX deal likely to consummate by "mid-2019"
A Fox Business news reporter is reporting on Twitter that MLB will be bidding for the Fox RSNs in full along with Sinclair and Apollo

https://twitter.com/CGasparino/status/10...02213?s=19
01-30-2019 01:45 PM
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Fighting Muskie Offline
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Post: #163
RE: Disney - FOX deal likely to consummate by "mid-2019"
(01-30-2019 01:45 PM)solohawks Wrote:  A Fox Business news reporter is reporting on Twitter that MLB will be bidding for the Fox RSNs in full along with Sinclair and Apollo

https://twitter.com/CGasparino/status/10...02213?s=19

I'm intrigued by the idea of MLB owning the RSNs. If they win the bid it will be interesting to see if they launch RSNs for the MLB markets that aren't covered. Baseball will be retaining a huge portion of their own media rights.

I'm also curious as to how MLB would handle the other sports. What will MLB pay to air things like NHL, etc.? Will they even want to continue non-baseball content?
02-03-2019 08:04 PM
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Post: #164
RE: Disney - FOX deal likely to consummate by "mid-2019"
It will be interesting for sure, particularly with undervalued media rights like the Braves. Plus you have the non Fox RSN teams. They aren't going to wanna help out the Fox RSN teams without being compensated.

The MLB is not under the time pressure that Disney is to unload them. I wouldn't be surprised if this turned out to be a backdoor way to Comcast more RSNs
02-03-2019 10:43 PM
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Wedge Offline
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Post: #165
RE: Disney - FOX deal likely to consummate by "mid-2019"
One more bidder wants in...

https://www.foxbusiness.com/media/billio...e-fox-rsns
Quote:People with knowledge of the bidding process say Malone, chairman of Liberty Media, and his long-time No. 2, Greg Maffei, have recently indicated they are looking to team up with private equity firm Platinum Equity and possibly other investors to potentially purchase the networks, according to two people with knowledge of the matter. Platinum’s chief, Tom Gores, also owns the Detroit Pistons basketball team, while Malone owns baseball's Atlanta Braves.

Both teams have their games aired on a Fox regional sports network (RSN), which was the motivating factor in their desire to own the networks, the people say.

The Liberty-Platinum interest, which has yet to be reported, adds a new twist to the auction of the Fox RSNs. The properties are currently held by Disney as part of its $71 billion purchase of 21st Century Fox's entertainment assets announced in December 2017. Disney must sell the RSNs to meet regulatory requirements since it also owns the sports channel ESPN.
Quote:Complicating the process, Malone and Maffei have signaled to banking executives that their investment group may include at least one other owner of another MLB team, these people add. Malone, himself, controls the Atlanta Braves, meaning that MLB and its commissioner, Rob Manfred, will possibly be bidding against two baseball team owners for the RSNs.
02-04-2019 03:01 AM
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DawgNBama Offline
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Post: #166
RE: Disney - FOX deal likely to consummate by "mid-2019"
Yuck, I hate Liberty Media!!!
02-04-2019 04:31 AM
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Wedge Offline
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Post: #167
RE: Disney - FOX deal likely to consummate by "mid-2019"
https://www.bloomberg.com/news/articles/...s-networks

This article says that the other MLB owner who is joining the bid of the Atlanta Braves and Detroit Pistons owners is Jim Pohlad, who owns the Minnesota Twins.

Apparently there are concerns among several team owners that a buyer other than a media company will neglect the RSNs that carry smaller market teams and/or will not have the leverage to keep cable/satellite companies from dropping the channel or offering less money to carry it.
02-07-2019 03:13 AM
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Transic_nyc Offline
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Post: #168
RE: Disney - FOX deal likely to consummate by "mid-2019"
Quote:The Yankees, Amazon and Sinclair Broadcast Group have reached a deal with Disney to buy the YES Network for $3.47 billion, The Post has learned.

The Post on Thursday broke the news that the group was near a deal to buy YES, one of New York’s most prominent cable sports channels, from Disney for about $3.5 billion.

The deal, which has been accepted by Disney, will be for the 80 percent of YES that the Yankees don’t already own.

Disney is selling YES — along with 21 other regional sports channels throughout the country — to gain regulatory approval for its $71 billion deal to buy Twenty-First Century Fox because Disney also owns ESPN.

As The Post reported Thursday, Amazon is seeking to extend its reach into streaming sports events, and this deal will allow the company to stream Yankees and Brooklyn Nets basketball games.

https://nypost.com/2019/03/08/disney-acc...s-network/
03-08-2019 11:29 PM
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