Tennis Channel May Wind Up for Sale NY Post
Tennis Channel may find itself on the block by year-end if the Federal Communications Commission agrees to give the network another 16 million households, reports the New York Post.
A decision is pending at the FCC, which requested a stay of a ruling from an administrative law judge who had ruled that Comcast must place Tennis Channel on its digital basic tier, the story notes. Tennis Channel is now on Comcast's digital sports tier, which reaches between 2 million and 3 million homes.
If the FCC rules in favor of Tennis Channel, its distribution would rise from about 34 million homes to about 50 million, the report says.
A source familiar with the regulatory agency said an FCC judgment in favor of Tennis Channel is "likely," the story notes. The decision may come as early as July, the piece adds.
Scott Tobin, a partner at one of Tennis Channel's owners, Battery Ventures, told the Post that the company is not for sale, but added, "It would be disingenuous to say that at one point we won’t monetize it.”