AT&T considers selling regional sports networks to slash debt

AT&T Inc. is weighing a sale of its regional sports networks as part of a plan to cut as much as $8 billion in debt by the end of the year, according to people familiar with the matter. The four regional networks, which includes rights to teams such as the hockey’s Pittsburgh Penguins, basketball’s Houston Rockets and baseball’s Seattle Mariners, could fetch close to $1 billion, according to the people, who asked not to be identified as the deliberations are private. Sinclair Broadcast Group Inc., which agreed in May to buy 21 Fox regional sports networks from Walt Disney Co. for $9.6 billion, could be among the potential buyers, the people said. John Malone’s Liberty Media Corp. and Ice Cube’s Big3 U.S. basketball league were among the other bidders for the Fox assets. AT&T hasn’t started a formal process to sell the networks, and there are no guarantees a deal will be announced, the people said. The four networks are AT&T SportsNet Pittsburgh, AT&T SportsNet Rocky Mountain (Utah, Nevada and Colorado), AT&T SportsNet Southwest (parts of Texas and Louisiana) and Root Sports Northwest (Alaska, Washington and Oregon). The four networks have rights to more than two dozen pro teams, college programs and NCAA conferences. A representative for AT&T declined to comment, while Sinclair didn’t respond to requests for comment. A sale of the regional sports networks—known as must-see content for avid fans—highlights AT&T’s ongoing struggle to fix a... Continue reading at 'Advertising Age'

[ Advertising Age | 2019-07-02 19:54:11 UTC ]
News tagged with: #steady decline #top priority #york offices #make sense #high costs #justice department #bernie sanders #increased costs #—bloomberg news #time warner

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Election Night Coverage Draws 56.9 Million Viewers Across 21 Networks

The 2020 presidential race between President Donald Trump and former Vice President Joe Biden has yet to be decided--but the Nielsen numbers are in. Editor's note: According to updated data from Nielsen, 56.9 million total viewers watched prime time coverage of election night 2020 across 21... Continue reading at AdWeek

[ AdWeek | 2020-11-04 22:15:12 UTC ]
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S&S sells Steadman's middle-grade series in 23 languages

Simon & Schuster's rights team has sold A F Steadman's debut middle-grade series Skandar and the Unicorn Thief in 23 languages, with total advances in excess of £1m.  Continue reading at The Bookseller

[ The Bookseller | 2020-11-04 00:06:17 UTC ]
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S&S launches regional campaign for Thomas' Firewatching

Simon & Schuster is launching a billboard campaign in Sheffield to promote Russ Thomas' debut novel Firewatching.  Continue reading at The Bookseller

[ The Bookseller | 2020-11-02 11:36:23 UTC ]
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Indies feature on £30k William Hill Sports Book of the Year shortlist

Indies Pitch Publishing and Floodlit Dreams are among the publishers featuring on this year's five-strong William Hill Sports Book of the Year shortlist.  Continue reading at The Bookseller

[ The Bookseller | 2020-10-27 03:30:12 UTC ]
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Frisco social media network raises angel funding from Austin investor

A Frisco startup is looking to cut through the noise of other social media apps and give digital content creators a way to reach more fans. TUBBR, an invite-only social network, announced landing Angel Funding from Global Ascent Partners that it plans to use for its upcoming beta launch.... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2020-10-24 12:00:00 UTC ]
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Wrapping Up Virtual Fall Regionals

With this fall’s all-online regional trade shows behind them, booksellers are hoping for a return to in-person events next year. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-10-23 04:00:00 UTC ]
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‘The Butterfly Effect’ charts Kendrick Lamar’s evolution from platinum-selling rapper to protest artist

Marcus J. Moore focuses more on Lamar’s discography than his personal life, which may be for the best. Continue reading at The Washington Post

[ The Washington Post | 2020-10-19 15:07:34 UTC ]
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A Wine Lover Considers the “Sober Lush” Lifestyle

THE SOBER LUSH is not an essay collection about addiction and recovery; at its core, it’s a guide to a new perspective on what life can be without alcohol. Co-authors Amanda Ward and Jardine Libaire introduce their sobriety story by stating unequivocally that this memoir isn’t a “step program,”... Continue reading at Los Angeles Review of Books

[ Los Angeles Review of Books | 2020-10-16 19:00:23 UTC ]
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Barnes & Noble apologizes for ‘serious network issue’ after days-long Nook disruptions

Customers have reported days of disruption to the Nook e-reader service, as well as other systems that the company said have since been restored. After users reported issues with Nook e-reader book access for days, with Barnes & Noble saying Monday that a “system failure” was interrupting... Continue reading at Fast Company

[ Fast Company | 2020-10-14 17:46:15 UTC ]
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How Do Readers Rate The New York Times Best-Selling Books?

What do actual readers think about the books which land on the New York Times Bestseller List? A new study finds out. Continue reading at Book Riot

[ Book Riot | 2020-10-09 10:33:00 UTC ]
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Network to make children's publishing less London-centric, say CBN founders

The founders of Children's Book North have advised industry staffers in the north to network as they look to reduce publishing's London focus.  Continue reading at The Bookseller

[ The Bookseller | 2020-09-30 20:38:57 UTC ]
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Fall Regional Shows Get High Attendance—and High Marks

This fall's independent bookstore regional trade shows started off last week with two big virtual fairs held by three organizations—and did so swimmingly. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-09-25 04:00:00 UTC ]
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Kids' Books at the Forefront of Combined Regional Bookselling Conference

Billed as "New Voices New Rooms," the combined regional fall conference of the New Atlantic Booksellers Association and Southern Independent Booksellers Alliance kicked off on September 21 with an emphasis on children’s books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-09-22 04:00:00 UTC ]
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Combined Regional Bookseller Conference Draws a (Digital) Crowd

In a partnership that may turn out to be a rare, notable success during the pandemic, the New Atlantic Independent Booksellers Association and the Southern Independent Booksellers Alliance saw their five-day combined conference kick off on Monday with high attendance. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-09-22 04:00:00 UTC ]
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Fall Regionals 2020: The Virtual Edition

This year’s bookseller shows are moving online, but still have plenty of author events, education, and exhibits. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-09-11 04:00:00 UTC ]
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Powell’s Books will stop selling books through Amazon due to its “detrimental impact” on stores.

With this year’s Independent Bookstore Day occurring at a particularly rough time for booksellers, the iconic Powell’s Books in Portland has decided to make a statement and stop selling through Amazon. In a statement, owner Emily Powell notes that the occasion, this year, feels “especially... Continue reading at Literrary Hub

[ Literrary Hub | 2020-08-27 19:29:44 UTC ]
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Al Sharpton to Open Fall Regional Trade Show Season

For the first time, all eight regional bookseller associations are sponsoring a national kickoff to the fall shows. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-08-27 04:00:00 UTC ]
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LeBron Wrote a Children’s Book and It’s Selling Really Well

In “I Promise,” LeBron James and the illustrator Nina Mata give hope to kids when they need it most. Continue reading at The New York Times

[ The New York Times | 2020-08-20 09:00:01 UTC ]
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Sports stars join authors for NLT's #FitforLit Challenge

Children's authors and sports stars are to take part in a series of book-themed sporting challenges to raise money for the National Literacy Trust. Continue reading at The Bookseller

[ The Bookseller | 2020-08-17 05:01:34 UTC ]
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Bertrams has just £600k to pay £25m debts, statement shows

The collapsed wholesaler Bertrams has just £600,000 to pay debts to publishers, a “statement of affairs” published on Companies House this week shows. The statement reveals 2,500 trade creditors are owed a total of £25m. Continue reading at The Bookseller

[ The Bookseller | 2020-08-13 10:05:03 UTC ]
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