Sinclair to buy regional Fox Sports networks for $9.6B

NEW YORK — Media company Sinclair Broadcasting Group is buying Fox's regional sports networks for $9.6 billion.

The Walt Disney Co. agreed to sell the networks to get regulatory approval for its $71 billion acquisition of Fox's entertainment assets, which was completed in March.

The 21 networks include exclusive local rights to 42 professional teams, including 14 Major League Baseball teams, 16 National Basketball Association teams and 12 National Hockey League teams. Hunt Valley, Maryland-based Sinclair is also buying Fox College Sports. The New York Yankees' YES Network is being sold separately by Disney.

Byron Allen, CEO of independent television and film studio Entertainment Studios, will be a partner in Diamond Sports Group, the new Sinclair subsidiary that will incorporate the regional sports networks.

The U.S. Justice Department must approve the sale.

Must Read

Neymar, Brazil come out blazing in Olympic soccer...

Aug 18, 2016

Neymar scored twice as Brazil rolled to a 6-0 victory over Honduras in the men's soccer semifinals

Ginobili, Argentina's 'Golden Generation' take...

Aug 18, 2016

Manu Ginobili played his final Olympic game and ended his brilliant career for Argentina, which was...

US women's basketball 1 win from 6th consecutive...

Aug 19, 2016

There was a calm, relaxed atmosphere at the final practice for the U.S. women's basketball team

NBA says Hornets, Bucks will play in Paris in 2020

Mar 28, 2019

Charlotte, Milwaukee will play the NBA's first regular-season game in Paris next season

Griezmann backtracks over 'insensitive' blackface...

Dec 17, 2017

Soccer star Antoine Griezmann has apologized for any offense caused after posting an image of...

Sign up now!