Today it was announced that Sling TV and Dish may soon drop Fox Regional Sports Networks as talks continue on a new contract. Now Fox RSN are war
This contract is likely more difficult as Fox Regional Sports Networks ownership is changing from Disney to Sinclair right now. This is likely turning these talks into a complicated three way conversation.
Back in May Sinclair purchased most of the Fox Regional Sports Networks from Disney for $10.6 billion. It had been reported that Disney wanted $20 billion for the networks but Sinclair won with a bid of $10.6 billion showing how cord cutting has reduced the value of networks like the Fox RSNs.
As part of the deal to get Department of Justice approval for the Disney-Fox merger, there was a requirement that the Fox regional sports networks would be sold off. When Disney closes on the sale of most of 21st Century Fox, they need to sell off the regional sports networks currently running under the Fox Sports name. There was a fear that Disney owning ESPN, ABC, and the Fox regional sports networks would give them too much power in the world of sports.
This deal is not final yet likely making these talks more difficult.
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