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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Fall Regionals 2018: Making the Connection

The new heads of GLIBA, MPIBA, and NEIBA are changing things up to build community among booksellers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-08-31 00:00:00 UTC ]
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Fall Regionals 2018: Indies Find Their Groove

With strong programming and increased membership, regional bookselling associations continue to grow their fall trade shows. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-08-31 00:00:00 UTC ]
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PRH sells Sam Copeland's debut in 17 languages

Penguin Random House Children’s has sold Charlie Changes Into a Chicken, the debut children’s book by literary agent Sam Copeland, in 17 languages. Continue reading at The Bookseller

[ The Bookseller | 2018-08-30 00:00:00 UTC ]
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iBooks Bestsellers: 'Crazy Rich Asians' Keeps Selling Like Crazy

The film adaptation of Kevin Kwan's 'Crazy Rich Asians' is dominating the U.S. box office, and its source book continues to sell well in Apple's iBooks store as well. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-08-21 00:00:00 UTC ]
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Canada’s Fraser Valley Regional Library Announces VR Partnership for ‘Inanimate Alice’

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[ Publishing Perspectives | 2018-08-20 00:00:00 UTC ]
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North of England publishers on obstacles to regional diversity in the book industry

Independent publishers based in the north of England explore the problems faced by such presses in a market dominated by London-based corporate publishers in a round-table discussion chaired by The Bookseller at Bradford Literature Festival. Continue reading at The Bookseller

[ The Bookseller | 2018-08-18 00:00:00 UTC ]
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Bonnier sells Weldon Owen to Insight Editions

Bonnier Books has sold Weldon Owen to US illustrated book publisher Insight Editions for an undisclosed sum, with all five UK staff in consultation over redundancy. Continue reading at The Bookseller

[ The Bookseller | 2018-08-14 00:00:00 UTC ]
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Thursday Wake-Up Call: A brouhaha about the Oscars. Plus, will Tronc sell its newspapers?

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[ Advertising Age | 2018-08-09 00:00:00 UTC ]
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Publishers Clearing House is surviving the ad duopoly by selling engagement

To keep people engaged, the sweepstakes company is going big on social, creating a mobile app and weekly Facebook show. The post Publishers Clearing House is surviving the ad duopoly by selling engagement appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2018-08-06 00:00:00 UTC ]
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PBS 'Frontline' special 'The Facebook Dilemma' outpaces the scary stories on other networks

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[ Los Angeles Times | 2018-08-01 00:00:00 UTC ]
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Economist Group Nears Agreement to Sell CQ Roll Call

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[ Folio Magazine | 2018-07-25 00:00:00 UTC ]
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Monday Wake-Up Call: Fiat Chrysler replaces CEO, WPP in talks to sell China stake

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[ Advertising Age | 2018-07-23 00:00:00 UTC ]
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Looziana Book Co. Starts Selling Southern Literature

The owners of Cavalier House Books have bought the customer database and sales history of the now-defunct Forest Sales and Distributing—and now they're building out their distribution business. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-07-13 00:00:00 UTC ]
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Sells to succeed Christie as DK sales director

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[ The Bookseller | 2018-07-10 00:00:00 UTC ]
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Atlantic Media is selling Quartz to Japan’s Uzabase for up to $110M

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[ Fast Company | 2018-07-02 00:00:00 UTC ]
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[ Engadget | 2018-06-29 00:00:00 UTC ]
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Welsh Book of the Year authors sell as few as 20 copies

Almost half the shortlisted authors for the Welsh Book of the Year awards have sold fewer than 100 copies. Continue reading at BBC News

[ BBC News | 2018-06-27 00:00:00 UTC ]
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[ Betanews | 2018-06-26 00:00:00 UTC ]
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City and Regional Magazines Capitalize on Custom Publishing

City and regional magazine publishers continue to be nimble and optimistic in an atmosphere that remains anxious about the future of print advertising. A survey conducted by Folio: last year illustrated these publishers' skillful approach to revenue diversification: nearly two-thirds of... Continue reading at Folio Magazine

[ Folio Magazine | 2018-06-26 00:00:00 UTC ]
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[ Digiday | 2018-06-25 00:00:00 UTC ]
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