Dis­ney sells some sports net­works to Sin­clair

The Tribune (SLO) - - News -

Sin­clair Broad­cast Group said Fri­day that it had agreed to ac­quire 21 re­gional sports net­works from The Walt Dis­ney Co. in a deal worth $10.6 bil­lion, giv­ing the largest op­er­a­tor of lo­cal tele­vi­sion sta­tions in the United States a foothold in the cable in­dus­try with the rights to broad­cast games of dozens of pro­fes­sional sports teams.

Dis­ney was forced to sell the sports net­works to re­ceive an­titrust ap­proval for its $71.3 bil­lion ac­qui­si­tion of most of 21st Cen­tury Fox. The Jus­tice Depart­ment re­quired the sale be­cause Dis­ney, through ESPN, al­ready dom­i­nates the mar­ket for tele­vised sports.

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