Billionaire media mogul John Malone reportedly has his eye on acquiring the popular regional sports outlet MSG Networks from James Dolan. MSG broadcasts New York Knicks, Rangers and Islanders games.
“Dolan’s old pal John Malone is said to be eyeing the regional cable and satellite TV network as part of his master plan to own regional sports networks from Miami to New York, sources said,” The New York Post reports.
Malone owns Liberty Media, which owns SiriusXM and the Atlanta Braves.
“He is currently in the mix to buy 21 Fox-owned regional sports channels, including SportsTime Ohio and Fox Sports Florida, that Disney is selling as a regulatory condition of its $71 billion merger with Twenty-First Century Fox,” The Post reports. “If Malone, 78, succeeds in buying the Fox RSNs, he will soon turn his attention to New York, analysts said.”
The report notes: “The only other Big Apple contender is YES Network, which broadcasts Yankees games. But as The Post first reported earlier this month, YES is being sold to Amazon and Sinclair Broadcast Group in a deal led by the Bronx Bombers.”
That leaves MSG Networks as the only game in town, the report notes.
“It doesn’t hurt that Malone and Dolan, 63, go back decades — and have been in business together before,” The Post adds.
The report notes that Dolan tried selling MSG Networks in 2017, only to take it off the market after a few months because no suitors surfaced. MSGN wasn’t commenting.