Fox Cable Networks to Acquire Turner South

Feb 23, 2006  •  Post A Comment

Fox Cable Networks reached an agreement Thursday with Turner Broadcasting System to acquire regional sports and entertainment network Turner South.

Terms of the deal were not disclosed. The transaction does not include the Atlanta Braves baseball team, which, along with Turner South, TBS parent Time Warner has been trying to sell since December.

Turner South reaches about 8 million subscribers in Alabama, Georgia, Mississippi, Tennessee, South Carolina and parts of western North Carolina. The network has long-term local broadcast rights to the MLB’s Atlanta Braves, the NBA’s Atlanta Hawks and the NHL’s Atlanta Thrashers.

Once the purchase is completed, Fox Cable will have 15 owned-and-operated regional programming networks that combined reach 80 million cable and satellite subscribers across 40 of the country’s 50 largest cities.