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FOX/Disney deal

The NY Post is reporting today that Sinclair is looking to Amazon to help secure the total 10 Billion needed to buy all the RSN's (they already have a partnership with YES)....so, get ready for Amazon Sports Net launching Fall 2019 :)
 
CaliRadioFan said:
The NY Post is reporting today that Sinclair is looking to Amazon to help secure the total 10 Billion needed to buy all the RSN's (they already have a partnership with YES)....so, get ready for Amazon Sports Net launching Fall 2019 :)
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Amazon would have the ability to do the back end streaming. I don't think Sinclair has that ability.
 
https://www.hollywoodreporter.com/n...-disney-tv-as-new-marketing-president-1204853

Shannon Ryan will move to ABC/Disney/20th Century Fox from Fox Corporation to oversee marketing.

She will oversee marketing, publicity and communications at the broadcast network and Disney's various TV studios.
Another Fox player is making the move to the Walt Disney Corporation. Just a month after Disney’s formal acquisition of most of Fox’s entertainment properties, longtime network executive Shannon Ryan is joining some of her former colleagues as ABC Entertainment and Disney Television Studios’ new president of marketing.

Ryan enjoyed a strong run at the Fox network over two decades, most recently serving as chief marketing officer of Fox Television Group, a role that saw her overseeing marketing efforts at both the broadcast network and its former sister studio. In her new role, Ryan will report to ABC Entertainment president Karey Burke and Disney TV Studios president Craig Hunegs.

"Joining Disney, a company I’ve always admired and one of the most powerful brands in the world, is the opportunity of a lifetime," Ryan said Thursday in a statement. "I’m beyond excited to begin this next chapter and look forward to collaborating with Craig and Karey and their incredibly talented teams to shine a light on the fantastic work being done at these creative companies."
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RadioPatrol said:
https://www.vanityfair.com/news/2019/03/hellfire-at-fox-as-sean-hannity-mulls-leaving

Now there are rumors of changes coming to the Murdoch managed Fox Corporation Specifically Fox News. Specifically the article focuses on Sean Hannity's future at Fox News plus Donna Brazille role as a Fox news Pundit and Paul Ryan joining the board at Murdoch's Fox Board.
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https://www.vanityfair.com/news/201...lachlan-murdoch-is-in-a-trump-trap?verso=true

Now a part 2 is out on How Fox (The Murdoch owned one) will have to deal with the Trump Audience going forward in a post Disney deal.

For Lachlan, at the time, the call was easy enough. The Murdochs were in the process of divesting themselves of Levitan's show, along with the rest of the family's entertainment business, in a $71 billion deal with Disney. The Trump-hostile assets would be gone; peace would reign in Murdoch world. But for Lachlan and Fox, the Trump dissonance didn't end post-Disney deal—in some ways, it's even gotten worse. The network has never been more powerful—and at the same time so vulnerable. Fox programs influence Trump daily, but that has opened the network up to charges that it is State TV. Inside Fox, a long-running cold war between the network's journalists and right-wing, prime-time hosts has turned hot. Fox journalists, bristling at being branded an arm of the Trump White House, are lobbying Fox News C.E.O. Suzanne Scott and president Jay Wallace to rein in Fox & Friends, Sean Hannity, Lou Dobbs, and Jeanine Pirro. “Reporters are telling management that we're being defined by the worst people on our air,” a frustrated senior Fox staffer told me last month. News staffers are feeling emboldened to go after Trump in increasingly visible ways. Fox's opinion hosts, meanwhile, have made the case that the prime-time lineup not only reflects the audience's worldview but is responsible for the majority of the network's advertising revenue and fees paid by cable companies that carry Fox. “We make the money,” an anchor close to Hannity told me. According to a source, prime-time staff complained to Fox management in March when a Muslim producer on Bret Baier's staff tweeted criticism of Jeanine Pirro. “You can't have a producer attacking talent. [Roger] Ailes would never have allowed that,” a prime-time staffer said. While Fox's prime-time shows generate the lion's share of the network's ratings and ad revenues, there have been increasing issues with lost advertising. Many blue-chip companies don't want to buy time on those shows because of the divisive pro-Trump content. “Executives are very worried Fox & Friends will be next. If advertisers start bailing on them, they're screwed,” an insider said. (Marianne Gambelli, Fox's president of ad sales, responded: “Advertisers know the value of our loyal and engaged audience and we expect no change in our business going forward.”)
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Also Lachlan Murdoch has to deal with Sinclair's attempt to go after the demographics that support Trump too though.
 
TheBigA said:
Show me Sinclair's 24/7 cable news platform that competes with Fox.
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https://www.washingtonpost.com/life...ory.html?noredirect=on&utm_term=.2c35a6deba17

I'm Eluding to this article though.

Sinclair Broadcast Group, the nation’s largest TV station owner, rolled out its latest news and public affairs program this week, a one-hour broadcast called “America This Week” hosted by Eric Bolling.

If Bolling’s name is familiar, it may be because he spent a decade on Fox Business Network and Fox News, hosting opinion shows such as “The Five.” He left Fox in 2017; Sinclair hired him to host the new show, naming him its senior political anchor.

Bolling isn’t the only prominent former Fox personality to make the move to Sinclair, a company based in suburban Baltimore that owns 191 TV stations across the country, including WJLA, Washington’s ABC affiliate. Last month, Sinclair signed up former White House adviser and Fox commentator Sebastian Gorka as a contributor. In January, it hired veteran Fox reporter James Rosen, adding him to its Washington bureau.
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TheBigA said:
A 1-hour show on one broadcast station does not compete with a 24/7 national cable channel. Two very different animals.
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And if they do have a 24/7 network how many cable companies will agree to distribute it.

It's no secret that Lachian wants to take Fox News out of of the Trump ass kissing market.
 
Don CT said:
And if they do have a 24/7 network how many cable companies will agree to distribute it.

It's no secret that Lachian wants to take Fox News out of of the Trump ass kissing market.
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https://variety.com/2019/tv/news/donna-brazile-joins-fox-news-as-contributor-1203165558/

True this goes back to Fox News getting DNC Staff Member Donna Brazile and speculation over how Lachlan will move forward in a post Disney Deal.

Donna Brazile, the former chairwoman of the Democratic National Committee, will join Fox News as a contributor, the cable-news network announced Monday, making a high-profile liberal commentator part of the offering from a network often seen to have close ties with conservative voters.

Brazile, a veteran Democratic strategist, will offer political analysis across both Fox News Channel and Fox Business Network’s daytime and primetime programming. She was expected to make her first appearance on Fox News’ “The Daily Briefing with Dana Perino” at 2 p.m. eastern. Perino is a former White House press secretary who served during the administration of President George W. Bush.

“I know I’m going to get criticized from my friends in the progressive movement for being on Fox News,” Brazile acknowledged in a statement. My response is that, if we’ve learned anything from the 2016 election, it is that we can’t have a country where we don’t talk to those who disagree with our political views. There’s an audience on Fox News that doesn’t hear enough from Democrats. We have to engage that audience and show Americans of every stripe what we stand for rather than retreat into our ‘safe spaces’ where we simply agree with each other. For there is no safety in self-limiting numbers. You can be darn sure that I’m still going to be me on Fox News. I’m going to do what I always do: and dish it out straight, exactly as I see it, with just as much New Orleans hot sauce as folks expect.”
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Wall Street Journal broke the news late tonight: It is a done deal! Sinclair was able to cough up the $10 Billion for the RSN's; all of them! Sept. 30 is the expected farewell day for Fox Sports (Insert City here) IMO, the smart money is on Amazon getting the naming rights (The most recognizable, and marketable) or they may go with Stadium or Marquee. Amazon will most certainly be the one powering the new mobile apps I would think.
 
Sinclair Broadcast announced Friday that it will buy 21 regional sports networks from Disney at a $10.6 billion valuation.

Adjusting for minority equity interests, Sinclair said it bought the assets for $9.6 billion. The broadcasting company said the networks had 74 million subscribers and brought in $3.8 billion in revenue in 2018.

Sinclair CEO Chris Ripley said in a statement that the deal will help the company focus on providing stronger premium sports programming.

The deal still requires approval from the Department of Justice, which had demanded that Disney divest the networks when it bought television and film assets from Twenty-First Century Fox for $71 billion. The boards of both Sinclair and Disney have unanimously approved the deal.

Sinclair’s purchase does not include the YES Network, which carries Brooklyn Nets and New York Yankees games.
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https://www.cnbc.com/2019/05/03/sin...rom-disney-at-10point6-billion-valuation.html

The RSNs will be acquired via a newly formed indirect wholly-owned subsidiary of Sinclair, Diamond Sports Group LLC ("Diamond"). Byron Allen has agreed to become an equity and content partner in a newly formed indirect wholly-owned subsidiary of Sinclair and an indirect parent of Diamond ("RSN Holding Company"). Mr. Allen, who bought The Weather Channel in 2018, is the Founder, Chairman, and Chief Executive Officer of Entertainment Studios, a global media, content and technology company.
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The RSNs to be acquired by Sinclair are: Fox Sports Arizona, Fox Sports Detroit, Fox Sports Florida, Fox Sports Sun, Fox Sports North, Fox Sports Wisconsin, Fox Sports Ohio, SportsTime Ohio, Fox Sports South, Fox Sports Carolina, Fox Sports Tennessee, Fox Sports Southeast, Fox Sports Southwest, Fox Sports Oklahoma, Fox Sports New Orleans, Fox Sports Midwest, Fox Sports Kansas City, Fox Sports Indiana, Fox Sports San Diego, Fox Sports West, and Prime Ticket. Also included in the acquisition is Fox College Sports.

Sinclair expects to capitalize Diamond with $1.4 billion in cash equity, comprised of a combination of approximately $0.7 billion of cash on hand and a contribution of $0.7 billion in the form of new fully committed debt at Sinclair Television Group, Inc. In addition, the purchase price will be funded with $1.0 billion of fully committed privately-placed preferred equity of a newly-formed indirect wholly-owned subsidiary of Sinclair and direct parent of RSN Holding Company. The remainder of the purchase price is being funded by $8.2 billion of fully committed secured and unsecured debt incurred by Diamond. The transaction will be treated as an asset sale for tax purposes, with Sinclair receiving a full step-up in basis.
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https://www.prnewswire.com/news-rel...at-a-valuation-of-10-6-billion-300843719.html
 
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Wow, Byron Allen is becoming the 21st century version of Robert L. Johnson, founder of BET, or perhaps Don Cornelius. I read a lot of criticism about minority ownership of media, but Byron Allen is becoming a major force.
 
https://nypost.com/2019/05/13/sinclair-sports-deal-proving-a-tough-sell-to-lenders/

Update on the Sinclair talks of the divested Disney RSN's.

Sinclair Broadcasting Group’s $9.6 billion deal to acquire 21 regional sports channels may be beloved by stockholders — but lenders are less enthused, The Post has learned.

Since winning the auction to acquire the 21 regional sports networks, or RSNs, from Disney, Sinclair has had a tough time finding a lender to replace a $1.025 billion bridge loan it secured from JPMorgan, sources with direct knowledge of the situation said.

Sinclair wants a loan with less onerous terms than the one it has with JPMorgan, but lenders are balking at the company’s conditions, the sources said.

“The main sticking point” is that Sinclair wants the new loan to be 100 percent secured by the RSNs, rather than its TV stations, one source said.

“The problem is the numbers are declining,” the source said of the RSNs, which bring in $1.5 billion in adjusted earnings.
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https://deadline.com/2019/05/disney-gains-control-of-hulu-in-landmark-deal-with-comcast-1202614392/

And Disney getting Full Control of Hulu

UPDATED with Bob Iger statement. Disney and Comcast announced today that Disney will assume full operational control of Hulu, adding a crucial chess piece in one of the most serious efforts by a traditional media player to take on Netflix.

The companies entered into a “put/call” agreement regarding NBCUniversal’s 33% ownership interest in Hulu. The deal puts a minimum future valuation on Hulu of $27.5 billion, with control transferring to Disney immediately and the financial transaction slated to take effect in 2024.

Reporters gathered in New York for the Disney upfront press conference were startled by the news, announced verbally by a Disney rep as the event was beginning and the press release was hitting the wire. At the same time, it had also been widely expected given Disney’s strategic push into streaming and its description of Hulu as one of “three legs of the stool” along with Disney+ and ESPN+. Disney+ is set to launch in November. The $7 price point of Disney+ and the lowering of Hulu’s basic, ad-supported service to $6 a month are both noteworthy moves in an industry-wide bid to slow the momentum of Netflix.

“Hulu represents the best of television, with its incredible array of award-winning original content, rich library of popular series and movies, and live TV offerings,” Disney CEO Bob Iger said in a statement. “We are now able to completely integrate Hulu into our direct-to-consumer business and leverage the full power of The Walt Disney Company’s brands and creative engines to make the service even more compelling and a greater value for consumers.” (Iger later elaborated on the deal in an appearance at an investor conference.)
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