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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[ The Bookseller | 2016-04-29 00:00:00 UTC ]
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Brad Elders Joins Time Inc. as Sports Illustrated Group Publisher

Elders and his digital media sales savvy arrive at Time Inc. from AOL's branded content studio. The post Brad Elders Joins Time Inc. as Sports Illustrated Group Publisher appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-04-27 00:00:00 UTC ]
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IDPF, W3C Considering Merger

IDPF leaders said a merger is being discussed as a way to "pursue future development of EPUB and improvement of the overall Web platform for publishing.” Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-04-26 00:00:00 UTC ]
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Bookseller Gary Schulze Dies One Week After Selling Store

The recent co-owner of Minneapolis's Once Upon a Crime Bookstore, which is a fixture in the Twin Cities' literary community, died on Wednesday afternoon of leukemia. He was 66. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-04-08 00:00:00 UTC ]
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Small Publishers Still See Benefits of Oft-Maligned Digital Ad Networks

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[ Advertising Age | 2016-04-08 00:00:00 UTC ]
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Hodder sells Italian rights to Andy Riley title

Hodder Children’s Books, part of Hachette Children’s Group, has sold Italian rights to Andy Riley’s upcoming children’s title, King Flashypants and the Evil Emperor. Continue reading at The Bookseller

[ The Bookseller | 2016-04-07 00:00:00 UTC ]
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JK Rowling's Harry Potter chair sells for £278,000

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[ The Guardian | 2016-04-07 00:00:00 UTC ]
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There's No One Way to Sell an E-book

A survey of independent digital-first publishers reveals a wide array of growth strategies, including starting a print program. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-04-01 00:00:00 UTC ]
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Canadian Festivals: Paying Authors, Selling Books, Building Readership

Many Canadian literary festivals match or exceed the Canada Council rate of CAD$250 for an author appearance. Fests are flourishing, coast to coast. The post Canadian Festivals: Paying Authors, Selling Books, Building Readership appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2016-03-28 00:00:00 UTC ]
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London Briefcase 2016: What U.S. Agencies Will be Selling at the London Book Fair

Hot properties include titles from Lisa Scottoline and Iris Johanson, a story collection inspired by Edward Hopper, a return to Twin Peaks via its co-creator Mark Frost, Tom Wolfe’s newest, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-03-25 00:00:00 UTC ]
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“Traveling” Ideas Make Regional Magazines the Place to Be Seen

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[ Folio Magazine | 2016-03-24 00:00:00 UTC ]
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What's Selling at Magers & Quinn

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[ Publishers Weekly | 2016-03-22 00:00:00 UTC ]
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How the BBC, Sky Sports and other UK media are using Facebook Live video

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[ Digiday | 2016-03-21 00:00:00 UTC ]
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Man who pointed shotgun at girl selling Girl Scouts cookies gets jail time

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[ Los Angeles Times | 2016-03-19 00:00:00 UTC ]
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[ Publishers Weekly | 2016-03-18 00:00:00 UTC ]
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[ Advertising Age | 2016-03-09 00:00:00 UTC ]
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[ Advertising Age | 2016-03-09 00:00:00 UTC ]
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[ Publishers Weekly | 2016-03-08 00:00:00 UTC ]
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[ The Bookseller | 2016-03-04 00:00:00 UTC ]
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[ Digiday | 2016-02-29 00:00:00 UTC ]
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