Sinclair Broadcast Group To Acquire 21 Regional Sports Networks From Disney at a Valuation of $10.6 Billion
SINCLAIR BROADCAST GROUP TO ACQUIRE 21 REGIONAL SPORTS NETWORKS FROM DISNEY AT A VALUATION OF $10.6 BILLION
Byron Allen to Become Equity and Content Partner in RSN Holding Company
BALTIMORE, MD and BURBANK, CA (May 3, 2019) — Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) (“Sinclair” or the “Company”) and The Walt Disney Company (NYSE: DIS) (“Disney”) today announced that they have entered into a definitive agreement under which Sinclair will acquire the equity interests in 21 Regional Sports Networks (the “RSNs”) and Fox College Sports, which were acquired by Disney in its acquisition of Twenty-First Century Fox, Inc. (“21st Century Fox”). The transaction ascribes a total enterprise value to the RSNs equal to $10.6 billion, reflecting a purchase price of $9.6 billion, after adjusting for minority equity interests. Completion of the transaction is subject to customary closing conditions, including the approval of the U.S. Department of Justice.
Read more…Joint RSN Press Release FINAL
RECENT NEWS RELEASES
- June 30, 2022
- Sinclair Broadcast Group Wins 28 National Capital Chesapeake Bay Emmy Awards
- June 22, 2022
- Sinclair Broadcast Group Names Robert Croteau Vice President/General Manager of WRGB and WCWN in Albany, NY
- June 20, 2022
- Chris Daniels to Join Sinclair Broadcast Group’s “Spotlight on America” Investigative Team
- June 15, 2022
- COMET, CHARGE! and TBD Multicast Networks Secure Nationwide Affiliate Growth and Add New Series to Primetime and Late Night Schedules, Driving Strong Increases in Viewership
- Sinclair Names Adam Ware Senior Vice President, Growth Networks Group
- June 9, 2022
- Sinclair Elects Board And Ratifies Independent Auditor
- June 2, 2022
- Major Broadcasters Launch NextGen TV On Five Local Television Stations In Greenville, SC
- June 1, 2022
- Sinclair Broadcast Group and Feeding America® Launch Sinclair Cares: Summer Hunger Relief
- May 31, 2022
- Sinclair Broadcast Group Wins 22 RTDNA Regional Edward R. Murrow Awards
- May 25, 2022
- Sinclair Broadcast Group Wins Four Telly Awards