Monday, February 11, 2019
Owners Supportive Of MLB Bid For Fox RSNs
According to The NY Post, commissioner Rob Manfred announced at the baseball owners’ meeting Friday that he has the support of owners in pursuing the 21st Century Fox RSNs, which Disney is selling as a condition of its $71.3 billion purchase of Fox’s entertainment assets.
“I think I would characterize the discussions among ownership as very supportive of the effort to determine whether we can be a successful bidder,” Manfred said.
MLB has teamed up with the Canada Pension Plan Investment Board to buy the RSNs, which sell sports programming to distributors, including cable television. MLB is also reaching out to other potential partners, including big cable companies.
Disney is looking to offload a total of 22 RSNs but one of them — the YES Network — is expected to be picked up by the Yankees separately.
“We’re continuing to talk, continuing to make progress, but nothing’s been done yet,” Yankees Principal Owner Hal Steinbrenner said on buying YES at the same meeting.
MLB could face competition, however, including from billionaire media mogul John Malone — who is also seeking support from MLB team owners for his consolidated bid.
Malone’s Liberty Media already has the support of the Atlanta Braves, which it owns, as well as of the Minnesota Twins and the NBA’s Detroit Pistons.
The Fox RSNs broadcast games for 15 of the 30 MLB teams.
Posted 2:05:00 AM