Jimmy Dolan may soon have a bidder for MSG Networks, which broadcasts games for the New York Knicks, the Rangers and the Islanders, according to The NYPost.
Dolan’s old pal John Malone is said to be eyeing the regional cable and satellite TV network as part of his master plan to own regional sports networks from Miami to New York, sources said.
Malone is the billionaire owner of Liberty Media, which owns SiriusXM and the Atlanta Braves. He is currently in the mix to buy 21 Fox-owned regional sports channels, including SportsTime Ohio and Fox Sports Florida, that Disney is selling as a regulatory condition of its $71 billion merger with Twenty-First Century Fox.
“Whatever RSNs you own, you want one in the biggest market,” said Joe Favorito, a sports-marketing consultant and Columbia University professor.
“Malone had known [Chuck, Jimmy’s father] Dolan since his earliest days in the industry, and he regarded himself as a friendly adviser to the family rather than an actual competitor,” author Mark Robichaux wrote in “Cable Cowboy: John Malone and the Rise of the Modern Cable Business.”
The deal that seems to have solidified their friendship came together in the late ’90s when cable company Cablevision, which the Dolans controlled, bought a New York-area cable asset from Malone‘s company, TeleCommunications Inc.
MSGN, the country’s only publicly traded RSN, said it doesn’t “comment on rumor or speculation.”
But Dolan has tried off-loading the network before. In 2017, he put MSGN on the block only to pull back a few months later after no suitors showed up, The Post reported at the time.
No comments:
Post a Comment