Development[ edit ] In Marchreports began circulating that Fox Entertainment Group had plans to launch a national Fox Sports cable network by August known as Fox Sports 1, giving the sports division a dedicated cable presence to better compete against established networks like ESPN. Also in its portfolio were the Fox Sports Networksa group of regional sports networks both owned by Fox outright or by other companies through affiliation agreements with FSN; in addition to carrying play-by-play rights to several local sports teams, these regional networks also featured common national content produced and distributed by Fox Sports, including national college sports broadcasts and specialty programs such as The Best Damn Sports Show Period and Baseball's Golden Age.
Gottfried wsj. DIS The 22 channels include marquee properties in New York and Los Angeles. Initial bids on the channels are due Nov. Why now? WSJ's Amol Sharma answers all your questions about the forces driving media deals.
Private-equity firm Silver Lake is looking at the networks in partnership with its portfolio company, talent agency Endeavor LLC, one of the people said. The large television station owner Sinclair Broadcast Group Inc.
A stand-alone sale of the networks could now draw a lower price, some analysts and people close to the process said, raising the prospect that Fox could buy them back at a discount.
People close to Disney said it expects to get a premium. A number of sports-team owners are considering submitting offers for channels in their specific markets, according to people familiar with their thinking. Tech companies are also in the mix. The Justice Department determined that Disney, which is the majority owner of ESPN, would have too much market power in sports TV if it were allowed to acquire the Fox networks, so it ordered Disney to sell them off as a condition of the deal with 21st Century Fox.
Regional sports networks have suffered from cable-TV cord-cutting and audience erosion along with the rest of the traditional television business.
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|TV Listing: Eastern Time||Given that Philbin is more accustomed to speaking to housewives and is more than twice as old as the viewers Fox Sports 1 is hoping to attract, his hiring seems unusual to say the least. Since then, the hard-core Notre Dame football and New York Yankees fan has been taking a crash course on the rest of the sports world.|
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Younger viewers often get their sports fix online, and ratings for most sports leagues have declined over the past several years. Still, they are a big business collectively.
The team, which is owned by the Steinbrenner family, is expected to join with a group of strategic and financial investors, including private-equity firm RedBird Capital, to vie for control of YES, the people said.
A Yankees spokesman declined to comment. The bankers have asked prospective bidders to sign strict nondisclosure agreements that limit them from speaking with other bidders to partner up, people familiar with the matter said. They have also asked that all bidders include YES in their offers.
The sale is being run under the purview of the Justice Department, and about 40 parties have signed the NDAs, one of the people said. Despite declining popularity, regional sports networks remain among the most expensive channels for pay-TV distributors. The combination of the high price tag and lower ratings has led some distributors to start to push back.
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