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Sinclair Looks at Buying Fox Sports Networks

Could we soon see Boris doing play by play?

Bloomberg writes that Sinclair is interested in possibly buying the Fox Sports regional networks.

Sinclair would need to team up with a private equity firm to bid for all of the 22 regional sports networks that Walt Disney Co. is selling as part of its $71 billion Fox deal, according to its top executive.

Christopher Ripley, Sinclair’s chief executive officer, called the regional sports channels “a very interesting fit” and listed numerous potential cost savings. But he said the Fox sports networks put up for sale by Disney “are quite large” and that his company would need a partner to afford them all.

“If you’re doing the whole thing, you’d have to take on a private equity partner,” Ripley said Tuesday at an investor conference hosted by Deutsche Bank. The ultimate buyer of the Fox sports channels will have to pay in cash, he said.

Disney, which owns ESPN, plans to divest the channels as part of its agreement to buy the entertainment assets of 21st Century Fox Inc.

The sports channels could fetch about $20 billion in an auction, Bloomberg has reported.


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