Report: Fox Buying Another Regional Sports Network Reuters; Deadline.com
Says Reuters, "News Corp. is expected to announce as early as this week that it will buy SportsTime Ohio, a TV channel owned by the Cleveland Indians baseball team, for around $230 million, sources told Reuters, marking its second acquisition of a regional sports channel since late last month."
The wire story continues, "The deal would give News Corp.'s Fox Sports unit the rights to broadcast the Major League Baseball team's games, according to two sources with knowledge of the negotiations. That would add to the games that its Fox Sports Ohio channel carries from basketball's Cleveland Cavaliers, the Cincinnati Reds baseball team and others."
Notes the Deadine story, "The SportsTime deal would give it broadcast rights to Indians games as well as Cleveland Browns and Ohio State matches."
The Deadline story adds, " In November, [News Corp.] acquired a 49% stake in The New York Yankees’ YES Network giving it local media rights to the Bronx Bombers and the Brooklyn Nets. That deal was valued at $3B. Fox Sports is also negotiating a 25-year extension of its agreement to carry Los Angeles Dodgers games in a potential $6B-$7B deal."