Sinclair Broadcast Group has reached a deal to buy 21 regional sports networks from Walt Disney Co., according to a person familiar with the deal, which will accelerate the Maryland company’s push into major television markets.
Sinclair Broadcast Group has a deal in principle to buy 21 regional sports networks, including Fox Sports West, which televises the Los Angeles Angels of Anaheim.
Antitrust regulators were concerned that Disney, which already owns sports juggernaut ESPN, would have too much sway in the TV sports market. The government gave Disney 90 days to unload the channels after it acquired them. The clock started ticking at the close of the Disney-Fox transaction. The auction for the Fox Sports channels began last fall. But the hoped-for frenzied bidding war failed to materialize because such major entertainment companies as Comcast Corp., AT&T Inc.’s WarnerMedia and even Fox Corp., sat on the sidelines.
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