×

Sinclair Closes Purchase of Fox Regional Sports Networks From Disney

Sinclair Broadcast Group and the Walt Disney Company have closed their $9.6 billion deal for Sinclair to buy 21 Fox Regional Sports Networks and Fox College Sports.

The deal was announced in May after Disney bought the networks as part of its acquisition of Twenty-First Century Fox. The portfolio, which excludes the YES Network, is described as the largest collection of RSNs in the marketplace and includes exclusive local rights to 42 professional teams consisting of 14 Major League Baseball (MLB) teams, 16 National Basketball Association (NBA) teams, and 12 National Hockey League (NHL) teams.

Disney was required to divest the 21 regional sports networks as part of its acquisition of 21st Century Fox’s film and TV assets in order to obtain clearance from the U.S. Department of Justice.

Chris Ripley, president & CEO of Sinclair, said, “We are very excited about the transformational aspects the RSN acquisition will have on Sinclair and are eager to bring those opportunities to life. We welcome Jeff Krolik, President of the RSNs, and the rest of the RSN management team and staff to the Sinclair family. We have an exciting future ahead of us.”

The RSNs were acquired via Sinclair’s Diamond Sports Group, in which Entertainment Studios chief Byron Allen has invested. The deal comes a year after Allen bought The Weather Channel. The deal was funded through a $1.4 billion cash contribution from Sinclair, $1 billion of preferred equity, a $3.3 billion secured term B loan facility,  $3.1 billion of secured notes and $1.8 billion of senior notes.

The RSN brands acquired by Sinclair are: Fox Sports Arizona, Fox Sports Detroit, Fox Sports Florida, Fox Sports Sun, Fox Sports North, Fox Sports Wisconsin, Fox Sports Ohio, SportsTime Ohio, Fox Sports South, Fox Sports Carolina, Fox Sports Tennessee, Fox Sports Southeast, Fox Sports Southwest, Fox Sports Oklahoma, Fox Sports New Orleans, Fox Sports Midwest, Fox Sports Kansas City, Fox Sports Indiana, Fox Sports San Diego, Fox Sports West, and Prime Ticket.

Popular on Variety

More TV

  • Charlie Rose Sexual Harassment

    Charlie Rose Sued for Sexual Harassment by Longtime Makeup Artist

    A makeup artist who worked for Charlie Rose for 22 years has filed a sexual harassment lawsuit, accusing the former CBS and PBS host of years of unlawful behavior toward female employees. Gina Riggi alleges that Rose was verbally abusive with her and would often make derogatory comments about her weight. She also alleges that [...]

  • Actress Catherine Oxenberg, left, with Stanley

    Catherine Oxenberg on Dramatizing Her Life Story for 'Escaping the NXIVM Cult'

    For seven years, Catherine Oxenberg says, individuals within the NXIVM organization groomed her daughter India and made her believe in their group as one of empowerment, despite many of their practices being abusive towards women. Now, those years have been condensed into a 90-minute dramatization of Oxenberg’s story for Lifetime, entitled “Escaping the NXIVM Cult: [...]

  • Suzanne Whang Obit

    'House Hunters' Star Suzanne Whang Dies at 56

    Suzanne Whang, best known for her nine-year hosting and narrating stint on HGTV’s “House Hunters,” died Tuesday after a 13-year battle with breast cancer. She was 56. Whang’s partner Jeff Vezain shared the news on Facebook Thursday, writing that “she confronted cancer with courage, humor, determination and optimism.” “She was immensely encouraged by the love [...]

  • Ronen Rubinstein, Sierra McClain Join ‘9-1-1:

    Ronen Rubinstein, Sierra McClain Join ‘9-1-1’ Spinoff at Fox

    Fox’s “9-1-1” spinoff has added two more series regulars to its cast. Ronen Rubinstein and Sierra McClain have joined previously announced cast members Rob Lowe, Liv Tyler and Jim Parrack, Variety has learned. The new entry to the budding “9-1-1” franchise follows a sophisticated New York fireman (Lowe) who, along with his son, re-locates to Austin, [...]

  • Mr Robot BTS

    How 'Mr. Robot' Launched Its Creator and Star to New Heights

    “Mr. Robot” may be synonymous with helping USA redefine its long-touted “blue-skies” strategy into its current “we the bold” motto, but the series was also career-defining for those involved — particularly creator Sam Esmail and actor Rami Malek. Malek’s resume included a few key credits including HBO’s “The Pacific” and “Short Term 12” before taking [...]

  • AMERICAN IDOL - "119 (Grand Finale)"

    Ryan Seacrest to Return for 'American Idol' Season 3 on ABC

    Ryan Seacrest will return as the host of “American Idol” for the music competition’s third season on ABC. Seacrest will also continue hosting and executive producing “On Air with Ryan Seacrest,” his nationally syndicated L.A. morning drive-time radio show. He also serves as co-host and executive producer on ABC’s “Live with Kelly and Ryan,” as [...]

  • Julian Fellowes

    'Downton Abbey' Creator Julian Fellowes on His Early Start as an Actor

    Julian Fellowes was all wrong for his time — at first. When he graduated from drama school in 1973, working-class dramas onstage were all the rage, and the aspiring actor struggled to get an agent. He eventually snagged a supporting role in “A Touch of Spring,” a West End comedy that required him to fall down a [...]

More From Our Brands

Access exclusive content