Disney, Sinclair Broadcast Group, Byron Allen Close Regional Sports Network Deal

Disney and Sinclair Broadcast Group have formally closed their $9.6 billion transfer of 21 regional sports networks once owned by 21st Century Fox.

In order to close its $71.3 billion acquisition of most of Fox, Disney agreed to sell off the RSNs so as to avoid monopoly issues given the scope of its ESPN holdings. The plan was laid out by the U.S. Department of Justice in a consent decree last year after Disney staved off Comcast to prevail in the bidding for Fox.

After an auction process for the RSNs, Sinclair along with Byron Allen and private equity partners won control of the networks along with Fox College Sports. The networks, including Fox Sports West, Prime Ticket, Fox Sports Ohio and others, remain powerhouses even in challenging times for traditional TV. They control rights to 42 pro teams across all major sports as well as significant college sports rights, and the nature of
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