AllTideUp
Heisman
Posts: 5,154
Joined: Jul 2015
Reputation: 559
I Root For: Alabama
Location:
|
Sinclair Broadcasting in agreement to buy the old Fox RSNs
This appears to be a developing story, but here is Awful Announcing with a breakdown:
Sinclair has hand shake agreement with Disney
There were reports yesterday that Amazon might join Sinclair to bump up the bid from $9 billion. Looks like a couple of private equity firms got involved, however, to back the bid and the total sale price looks to be around $10 billion.
|
|
04-26-2019 02:51 PM |
|
ICThawk
Bench Warmer
Posts: 195
Joined: Jun 2018
Reputation: 54
I Root For: KU
Location:
|
RE: Sinclair Broadcasting in agreement to buy the old Fox RSNs
(04-26-2019 02:51 PM)AllTideUp Wrote: This appears to be a developing story, but here is Awful Announcing with a breakdown:
Sinclair has hand shake agreement with Disney
There were reports yesterday that Amazon might join Sinclair to bump up the bid from $9 billion. Looks like a couple of private equity firms got involved, however, to back the bid and the total sale price looks to be around $10 billion.
Looks like Sinclair got them for a little over $10 billion (plus the YES network sold for about $3.5 billion more in which Sinclair has a minority interest). Will find out tomorrow exactly how much...and who "joins" Sinclair (ie., maybe Amazon?), if anyone.
https://awfulannouncing.com/local-networ...-rsns.html
|
|
05-02-2019 11:51 PM |
|
AllTideUp
Heisman
Posts: 5,154
Joined: Jul 2015
Reputation: 559
I Root For: Alabama
Location:
|
RE: Sinclair Broadcasting in agreement to buy the old Fox RSNs
(05-02-2019 11:51 PM)ICThawk Wrote: (04-26-2019 02:51 PM)AllTideUp Wrote: This appears to be a developing story, but here is Awful Announcing with a breakdown:
Sinclair has hand shake agreement with Disney
There were reports yesterday that Amazon might join Sinclair to bump up the bid from $9 billion. Looks like a couple of private equity firms got involved, however, to back the bid and the total sale price looks to be around $10 billion.
Looks like Sinclair got them for a little over $10 billion (plus the YES network sold for about $3.5 billion more in which Sinclair has a minority interest). Will find out tomorrow exactly how much...and who "joins" Sinclair (ie., maybe Amazon?), if anyone.
https://awfulannouncing.com/local-networ...-rsns.html
I don't know that it will have much impact on college sports, but I've been following the story for a while so I've been interested to see how it played out.
I think Sinclair has the ability now to affect the overall sports broadcasting market. Before, they just owned over-the-air TV stations, but now they have a pretty large presence on cable TV. I don't think it's far-fetched to say they have higher aspirations.
If they end up strengthening their partnership with Amazon, for example, then perhaps they try to build a national network? Something that combines linear TV and streaming? They've created the Stadium brand online and there are ways that could be integrated with Amazon. Perhaps that's a way for Amazon to jump into sports without having to alter their business model too much or drop huge sums on money on existing properties.
|
|
05-03-2019 12:16 AM |
|