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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Max Mosley leads Cross Sports Book Awards winners

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[ The Bookseller | 2016-06-03 00:00:00 UTC ]
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'Biggest-selling' self-published book of 2016 lands Amazon deal

Self-published author Adam Croft has been snapped up for a publishing deal by Amazon imprint Thomas & Mercer after releasing what he says is the biggest-selling book by a self-published author in 2016. Continue reading at The Bookseller

[ The Bookseller | 2016-06-03 00:00:00 UTC ]
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Selling Positivity: A Look Inside Condé Nast Aurora

A Folio: Q&A with Glamour and Self publisher and chief revenue officer, Connie Anne Phillips. The post Selling Positivity: A Look Inside Condé Nast Aurora appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-06-03 00:00:00 UTC ]
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What's Selling at the Norwich Bookstore

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[ Publishers Weekly | 2016-06-02 00:00:00 UTC ]
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North West region to get a new paid-for daily newspaper

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[ The Guardian | 2016-06-02 00:00:00 UTC ]
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Chromebooks can now seamlessly access Windows network file shares

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[ PC World | 2016-06-01 00:00:00 UTC ]
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Top-Selling Audio Downloads in 2016

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[ Publishers Weekly | 2016-05-27 00:00:00 UTC ]
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Publishers Green Network relaunches with WWF

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[ The Bookseller | 2016-05-27 00:00:00 UTC ]
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[ Folio Magazine | 2016-05-24 00:00:00 UTC ]
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[ Engadget | 2016-05-23 00:00:00 UTC ]
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Waterstones to stop selling ebooks

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[ BBC World | 2016-05-23 00:00:00 UTC ]
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[ Publishers Weekly | 2016-05-20 00:00:00 UTC ]
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[ The Guardian | 2016-05-18 00:00:00 UTC ]
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[ Advertising Age | 2016-05-16 00:00:00 UTC ]
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[ The Bookseller | 2016-05-13 00:00:00 UTC ]
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[ The Guardian | 2016-05-12 00:00:00 UTC ]
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[ Los Angeles Times | 2016-05-12 00:00:00 UTC ]
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[ The Bookseller | 2016-05-10 00:00:00 UTC ]
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Silvertail's Miscavige memoir 'selling well'

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[ The Bookseller | 2016-05-07 00:00:00 UTC ]
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S&S leads Cross Sports Book shortlists

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[ The Bookseller | 2016-05-05 00:00:00 UTC ]
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