Stocks rose Friday as data showed U.S. job creation was stronger than expected in April.
Adjusting for minority equity interests, Sinclair said it bought the assets for $9.6 billion. The deal still requires approval from the Department of Justice, which had demanded that Disney divest the networks when it bought television and film assets from Twenty-First Century Fox.
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Sinclair Broadcast Group is buying 21 regional sports networks from DisneyWalt Disney Co., which inherited the channels as part of its $71 billion deal for much of 21st Century Fox, had hoped to recoup as much as $20 billion for the regional sports networks, including Prime Ticket and Fox Sports West in LA. But a frenzied bidding war failed to materialize.
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4 Takeaways From Sinclair's Acquisition Of Fox Regional Sports Networks From DisneyAfter government regulators prevented Sinclair from acquiring Tribune last year, with its reported acquisition of 21 regional sports networks for $10 billion, it is rapidly moving into local sports.
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Amid FDA Crackdown, Walgreens Will Raise Age To 21 For Tobacco PurchasesWalgreens will require tobacco purchasers to be at least 21 years old effective Sept. 1 of this year in a move to prevent young people from purchasing cigarettes and related tobacco products.
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US lawmakers push bipartisan bill to raise the federal minimum buying age for tobacco to 21A bipartisan group of lawmakers on Tuesday introduced bicameral legislation that would raise the minimum age to buy tobacco products to 21, weeks after Senate Majority Leader Mitch McConnell said he would introduce his own bill.
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