MetroCity 248 Posted August 16, 2018 Share Posted August 16, 2018 Without getting into speculation (because that would be wrong), might there be a scenario where Disney could trade some/all of the RSNs to Hearst for the remaining 20% of ESPN it doesn’t already own? Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-210829 Share on other sites More sharing options...
AmericanErrorist 149 Posted August 17, 2018 Share Posted August 17, 2018 I thought Fox was technically still the owner of the RSN's and would receive the proceeds. The way the consent decree is set up, Disney will buy the RSNs (and run them separately from ESPN and their local TV/radio stations) and then turn around and immediately sell them (or, failing that, put any of them in a trust), thus keeping the profits. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-210904 Share on other sites More sharing options...
Georgie56 3305 Posted August 23, 2018 Share Posted August 23, 2018 Appears Fox is trying to keep the RSNs. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-211377 Share on other sites More sharing options...
DonDonP1 118 Posted August 23, 2018 Share Posted August 23, 2018 Appears Fox is trying to keep the RSNs. FSRNs becoming parts of New Fox, eh? Fascinating. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-211380 Share on other sites More sharing options...
LoadStar 364 Posted August 23, 2018 Share Posted August 23, 2018 I've always been somewhat baffled that they'd get rid of them, given that they're hanging on to FS1/FS2. (I also don't think the Fox College Sports Atlantic/Central/Pacific channels were a part of the Disney sale either.) IMO, I think their best option would be to keep all the sports properties with an eye towards potentially spinning off the Fox Sports Media Group as a stand-alone company. (Further, that company should look to expand as a pure-play sports media company, possibly by buying Sports Illustrated from Meredith.) Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-211385 Share on other sites More sharing options...
Yankees4life 559 Posted August 24, 2018 Share Posted August 24, 2018 Appears Fox is trying to keep the RSNs. Well...I was right initially Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-211418 Share on other sites More sharing options...
Rusty Muck 4374 Posted August 25, 2018 Share Posted August 25, 2018 Appears Fox is trying to keep the RSNs. Might as well. Disney can't have them, and the list of buyers is not entirely palatable. I'm puzzled as to why Fox would sell them ... then buy them back. Wouldn't it make more sense to restructure the initial deal to remove the RSNs in the first place? Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-211467 Share on other sites More sharing options...
channel2 979 Posted August 26, 2018 Share Posted August 26, 2018 Having the RSNs involved means that the Murdochs get greater holdings in Disney. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-211514 Share on other sites More sharing options...
AmericanErrorist 149 Posted August 28, 2018 Share Posted August 28, 2018 Might as well. Disney can't have them, and the list of buyers is not entirely palatable. I'm puzzled as to why Fox would sell them ... then buy them back. Wouldn't it make more sense to restructure the initial deal to remove the RSNs in the first place? To re-write the original deal, Disney and Fox would have to change the cost, get another approval from shareholders, and go back to the Justice Department and overhaul the consent decree. This would be an administrative hurdle that no one appears to want at this point, especially since Fox is only discussing the possibility at this point. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-211682 Share on other sites More sharing options...
CircleSeven 1955 Posted January 11, 2019 Share Posted January 11, 2019 Fox is now saying that it won't bid to buy back those RSNs. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220144 Share on other sites More sharing options...
dman748 1256 Posted January 11, 2019 Share Posted January 11, 2019 6 hours ago, CircleSeven said: Fox is now saying that it won't bid to buy back those RSNs. That only leaves Sinclair as the only bidder for 21 of the 22 FSNs (with Fox pulling out, it's now more than likely that the Yankees will buy back the YES Network) otherwise the RSNs will likely have to go piecemeal Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220172 Share on other sites More sharing options...
WCAUTVNBC10 413 Posted January 11, 2019 Share Posted January 11, 2019 43 minutes ago, oknewsguy said: That only leaves Sinclair as the only bidder for 21 of the 22 FSNs (with Fox pulling out, it's now more than likely that the Yankees will buy back the YES Network) otherwise the RSNs will likely have to go piecemeal Yankees already assumed full ownership of YES after the sale was approved. Their partnership with Fox had language that allowed them to take back Fox's stakes in the network if something like this happened. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220177 Share on other sites More sharing options...
channel2 979 Posted January 11, 2019 Share Posted January 11, 2019 How is Sinclair supposed to afford the Fox Sports Nets? I have no clue how they can afford any of this. They went from the verge of bankruptcy to a rabid buyer in roughly two years and I don't hear much about that. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220179 Share on other sites More sharing options...
dman748 1256 Posted January 12, 2019 Share Posted January 12, 2019 11 minutes ago, WCAUTVNBC10 said: Yankees already assumed full ownership of YES after the sale was approved. Their partnership with Fox had language that allowed them to take back Fox's stakes in the network if something like this happened. The point is though, it just makes it now definite that the Yankees will buy YES back. Even if New Fox decided to buy the RSNs back, I still think that the Yankees would still have boughten YES back, so either way, it's just not the matter of if but when. And actually, that might be the other reason Fox pulled out because as it is the RSN business was slow growth. If New Fox had boughten the RSNs back without YES, it would be an even slower growth and it would drag down Fox's bottom line. 6 minutes ago, channel2 said: How is Sinclair supposed to afford the Fox Sports Nets? I have no clue how they can afford any of this. They went from the verge of bankruptcy to a rabid buyer in roughly two years and I don't hear much about that. From the reports I read back in November, Sinclair DID submit a bid for all 22 FSNs but the bankers who are holding proceedings of the RSN sales thought that Sinclair's bid was a low one at best Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220180 Share on other sites More sharing options...
WCAUTVNBC10 413 Posted January 12, 2019 Share Posted January 12, 2019 2 hours ago, oknewsguy said: The point is though, it just makes it now definite that the Yankees will buy YES back. Even if New Fox decided to buy the RSNs back, I still think that the Yankees would still have boughten YES back, so either way, it's just not the matter of if but when. Yeah you missed what I was saying. They already did just that back in November. I do stand corrected that they haven't closed the deal as of yet from what I see. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220200 Share on other sites More sharing options...
NowBergen 681 Posted January 14, 2019 Share Posted January 14, 2019 On 1/11/2019 at 9:34 PM, WCAUTVNBC10 said: Yeah you missed what I was saying. They already did just that back in November. I do stand corrected that they haven't closed the deal as of yet from what I see. Actually NY media has not reported a deal is done with the Yankees have bought back YES. It is reported they are looking for a partner, with both Amazon and Sinclair (NFW) interested in partnering. Even when the Yankees launched YES, they had a partner from the investment community. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220310 Share on other sites More sharing options...
CircleSeven 1955 Posted January 15, 2019 Share Posted January 15, 2019 From the NY Post, a source told the paper that the DOJ might allow Disney to "spin-off" the Fox RSNs into a brand new entity where Disney wouldn't have operational control, instead of going through a fire sale process. This would be better than giving the entities directly to Sinclair. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220339 Share on other sites More sharing options...
LoadStar 364 Posted January 15, 2019 Share Posted January 15, 2019 1 hour ago, CircleSeven said: From the NY Post, a source told the paper that the DOJ might allow Disney to "spin-off" the Fox RSNs into a brand new entity where Disney wouldn't have operational control, instead of going through a fire sale process, This would be better than giving the entities directly to Sinclair. I wonder, would the DoJ allow said potential spinoff company to maintain a marketing agreement with New Fox, allowing them to retain the Fox Sports branding and close ties with the rest of the Fox Sports entities? (I'm not sure if they'd *want* to do so, but that's what I'd prefer to see.) Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220342 Share on other sites More sharing options...
dman748 1256 Posted January 15, 2019 Share Posted January 15, 2019 8 hours ago, LoadStar said: I wonder, would the DoJ allow said potential spinoff company to maintain a marketing agreement with New Fox, allowing them to retain the Fox Sports branding and close ties with the rest of the Fox Sports entities? (I'm not sure if they'd *want* to do so, but that's what I'd prefer to see.) It's highly doubtful Disney would enter into any agreement with New Fox as it wouldn't make sense for Fox to do it when they announced a few days ago that they weren't bidding for the RSNs. Here's what I can tell you is that by the time MLB season begins all 21 or 22 Fox Regional Sports Networks will operate under either Sinclair or under a company with ties to Disney (which means that the FSNs will still rebrand as ESPN RSNs) one notable exception might be the YES Network Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220364 Share on other sites More sharing options...
AmericanErrorist 149 Posted January 16, 2019 Share Posted January 16, 2019 7 hours ago, oknewsguy said: It's highly doubtful Disney would enter into any agreement with New Fox as it wouldn't make sense for Fox to do it when they announced a few days ago that they weren't bidding for the RSNs. Here's what I can tell you is that by the time MLB season begins all 21 or 22 Fox Regional Sports Networks will operate under either Sinclair or under a company with ties to Disney (which means that the FSNs will still rebrand as ESPN RSNs) one notable exception might be the YES Network Highly unlikely this company would be intertwined to Disney in such a manor to have the ESPN branding, as what is being mooted is a spinoff of the RSNs to Disney shareholders. The Murdochs (as this would be after the completion of the main deal) would be the only major non-investment bank shareholders these companies would have in common. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220392 Share on other sites More sharing options...
dman748 1256 Posted January 16, 2019 Share Posted January 16, 2019 16 hours ago, AmericanErrorist said: Highly unlikely this company would be intertwined to Disney in such a manor to have the ESPN branding, as what is being mooted is a spinoff of the RSNs to Disney shareholders. The Murdochs (as this would be after the completion of the main deal) would be the only major non-investment bank shareholders these companies would have in common. Either way it's likely the biggest surprise of this whole thing and quite frankly I blame this on both Justice and Disney for being in the position they are now (Disney for not fighting the DOJ in order to keep the RSNs and Justice not targeting something that could net Disney the most money from the divestitures as the RSNs if Disney were to sell all of them together, they would lose billions of dollars just in a fire sale alone) now granted Disney would have too much influence on sports programming having ownership of both ESPN and the FSNs but the fact that big name companies like Fox and Comcast dropping out the way they did should alarm those that currently own the RSNs (such as Comcast and AT&T) and even in Sports Broadcasting in general that the Sports Broadcasting bubble is much closer to bursting than what it was a year ago, or even two years ago. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220451 Share on other sites More sharing options...
DonDonP1 118 Posted January 16, 2019 Share Posted January 16, 2019 On 1/15/2019 at 5:54 AM, CircleSeven said: From the NY Post, a source told the paper that the DOJ might allow Disney to "spin-off" the Fox RSNs into a brand new entity where Disney wouldn't have operational control, instead of going through a fire sale process. This would be better than giving the entities directly to Sinclair. It is possible. I can imagine this: Fox Sports Regional Networks to revert name to Prime Sports. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220454 Share on other sites More sharing options...
dman748 1256 Posted January 19, 2019 Share Posted January 19, 2019 On 1/16/2019 at 5:54 PM, DonDonP1 said: It is possible. I can imagine this: Fox Sports Regional Networks to revert name to Prime Sports. That'd be one possibility but we'll have a much better idea on what will happen to the FSNs no later than early February (even though Disney wants to have that buyer identified by the end of February. Keep in mind the only bidder right now for all or some of the 22 FSNs is Sinclair (in a joint bid with CVC) so, right now the ball is at the 10-yard line and its 1st & Goal Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220581 Share on other sites More sharing options...
SoFloTVClassics 972 Posted January 19, 2019 Share Posted January 19, 2019 Funny, nobody talked about NBC or CBS in talks of acquiring FSN regional networks. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220586 Share on other sites More sharing options...
channel2 979 Posted January 19, 2019 Share Posted January 19, 2019 CBS doesn't seem to have the stomach for such a deal, and Disney and Comcast hate each other. Link to comment https://localnewstalk.net/topic/16047-fox-in-talks-to-sell-to-disney/page/18/#findComment-220587 Share on other sites More sharing options...
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