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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[ Publishers Weekly | 2018-03-23 00:00:00 UTC ]
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Publishing in the Baltic Region 2018: Mihkel Mutt - The Literary Conscience of Estonia

Estonia's London Book Fair Author of the Day is respected for his critical eye and satirical humor. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-03-23 00:00:00 UTC ]
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Publishing in the Baltic Region 2018: Lithuania's Alvydas Šlepikas on the Timeliness of History

Among the forgotten stories of the past century is that of the "wolf children" of Lithuania. It is the tragedy of children in East Prussia who were orphaned at the end of World War II and left to fend for themselves as the Red Army conquered the territory. On their own, they took to hiding in... Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-03-23 00:00:00 UTC ]
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Publishing in the Baltic Region 2018: Long Live #IAmIntrovert!

Latvia's quirky campaign to promote its writers has attracted a following of fans. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-03-23 00:00:00 UTC ]
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Publishing in the Baltic Region 2018: A Publisher's View of the Lithuanian Book Business

The director of Tyto Alba describes what her house and other publishers are up to. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-03-23 00:00:00 UTC ]
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Meredith Is Putting a Number of Newly Acquired Titles Up for Sale, Including Sports Illustrated

Meredith Corp. CEO Tom Harty had some big news to share with Time Inc. staffers during a town hall yesterday in New York: Legendary (and newly acquired) titles Sports Illustrated, Fortune, Money and Time will be sold. The Iowa-based Meredith owns monthly magazines that target women, including... Continue reading at AdWeek

[ AdWeek | 2018-03-22 00:00:00 UTC ]
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Rewarding Top-Selling Titles: 42 Titles on the ‘Nibbies’ Books of the Year Shortlist

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[ Publishing Perspectives | 2018-03-22 00:00:00 UTC ]
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[ The Bookseller | 2018-03-20 00:00:00 UTC ]
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[ The Bookseller | 2018-03-16 00:00:00 UTC ]
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[ Publishers Weekly | 2018-03-14 00:00:00 UTC ]
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Nancy Dubuc exits A+E Networks to join Vice Media as chief executive

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[ Los Angeles Times | 2018-03-13 00:00:00 UTC ]
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[ Engadget | 2018-03-01 00:00:00 UTC ]
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'Cat Person' author's debut sells into 23 territories

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[ The Bookseller | 2018-03-01 00:00:00 UTC ]
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[ Publishing Perspectives | 2018-03-01 00:00:00 UTC ]
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[ Publishing Perspectives | 2018-02-23 00:00:00 UTC ]
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[ Advertising Age | 2018-02-13 00:00:00 UTC ]
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[ Publishers Weekly | 2018-02-02 00:00:00 UTC ]
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