NY Post

A Surprise Backer May Join Sinclair in Bid to Buy Regional Sports Networks

Apr 26, 2019  •  Post A Comment

The latest twist in the ongoing story of who might end up with those 21 Fox regional sports networks finds a surprise player emerging in Amazon.

The New York Post reports that Amazon is in talks to join Sinclair Broadcast Group in a bid for the networks, which are being auctioned off by Disney.

“Sinclair — the conservative TV station owner that forced dozens of its local news anchors last year to read scripts blasting ‘fake news’ — is looking for Amazon’s backing as it preps a roughly $9 billion, all-cash offer for the so-called RSNs, sources said,” The Post reports.

The overall value of the deal will reportedly be about $10 billion, including minority stakes in the RSNs not owned by Fox.

The report quotes a source saying Amazon and Sinclair “are close to wrapping it up.”

The Post adds: “While Sinclair has already secured bridge financing for the deal, lenders are demanding an additional $1 billion in equity, insiders said. That, in turn, has forced Sinclair, whose market cap is just $4 billion, to search for deep-pocketed partners including Amazon, according to insiders.”

One Comment

  1. Phrases for example also to complete up, and also in outline, to complete, in completion. These phrases are of use — . As soon as an article is all going to get rid of, but subscribers may view, from the telltale compression of these webpage. Should you belabor the most obvious your crowd irritates. write college papers

Your Comment

Email (will not be published)