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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[ AdWeek | 2020-08-12 14:55:00 UTC ]
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Nigel Roby Sells the UK’s ‘The Bookseller’ to Stage Media Company

Calling his ownership and management of The Bookseller 'the greatest privilege of my working life,' Nigel Roby sells The Stage's Hugh Comerford. The post Nigel Roby Sells the UK’s ‘The Bookseller’ to Stage Media Company appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-08-07 09:05:55 UTC ]
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The logistical and ethical challenges of sports reporters’ restart

In mid-March, Major League Baseball, the National Basketball Association, the National Hockey League, and Major League Soccer issued a joint statement: members of the media would henceforth be barred from locker rooms and clubhouses, to help prevent the spread of the coronavirus. The leagues... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-07-28 12:21:27 UTC ]
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Rishi Sunak is said to be exploring plans for an online sales tax to protect high street shops from competition from internet retailers, and plans to replace business rates.  Continue reading at The Bookseller

[ The Bookseller | 2020-07-27 12:15:40 UTC ]
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For presidents considering military force, Robert Gates has some questions

The former defense secretary laments that America has let its nonmilitary powers atrophy. Continue reading at The Washington Post

[ The Washington Post | 2020-07-24 12:00:00 UTC ]
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Wave.tv Secures $32 Million to License, Acquire Sports Media Brands

With most live sports on hold for the past several months, sports media publishers have had to stretch their imaginations to find interesting stories to show and tell. Wave.tv, a digital media company built around working with license holders to repackage archival sports, hopes to invest more in... Continue reading at AdWeek

[ AdWeek | 2020-07-22 14:00:38 UTC ]
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Book by Donald Trump's niece sells nearly 1m copies on its first day

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[ The Guardian | 2020-07-16 21:20:12 UTC ]
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[ Los Angeles Times | 2020-07-16 16:14:02 UTC ]
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[ The Bookseller | 2020-07-15 15:05:13 UTC ]
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After Network Backlash, Nielsen Reverses Course on Delaying National OOH Measurement

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[ AdWeek | 2020-07-10 20:36:48 UTC ]
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[ Literrary Hub | 2020-07-08 08:48:16 UTC ]
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[ Publishers Weekly | 2020-07-06 04:00:00 UTC ]
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[ AdWeek | 2020-06-23 22:10:32 UTC ]
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[ Folio Magazine | 2020-06-22 15:09:13 UTC ]
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[ The Christian Science Monitor | 2020-06-19 22:45:42 UTC ]
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[ The Christian Science Monitor | 2020-06-19 22:45:42 UTC ]
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