Numlock News: May 7, 2019 • Marine Invasions, Rock Stars, Crabs
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By Walt Hickey Liking Numlock? Forward today’s email to a friend you think may enjoy it and might subscribe. Live Sports As a condition of Disney buying Fox, the company had to sell off 22 regional sports networks. Those assets had been spiraling upwards in price for years, with live sports becoming one of the most valuable and pricey commodities in entertainment. Analysts predicted the 22 RSNs would fetch something like $20 billion to $22 billion, but a number of headwinds — such as a dwindling consumer appetite to stomach the $5 or $6 per month padding out their cable bill year-round — meant that the Mouse had to sell at a discount that is rippling through the sports business ecosystem. The Yankees bought back the YES Network for $3.47 billion, but the other RSNs sold to Sinclair for
Numlock News: May 7, 2019 • Marine Invasions, Rock Stars, Crabs
Numlock News: May 7, 2019 • Marine Invasions…
Numlock News: May 7, 2019 • Marine Invasions, Rock Stars, Crabs
By Walt Hickey Liking Numlock? Forward today’s email to a friend you think may enjoy it and might subscribe. Live Sports As a condition of Disney buying Fox, the company had to sell off 22 regional sports networks. Those assets had been spiraling upwards in price for years, with live sports becoming one of the most valuable and pricey commodities in entertainment. Analysts predicted the 22 RSNs would fetch something like $20 billion to $22 billion, but a number of headwinds — such as a dwindling consumer appetite to stomach the $5 or $6 per month padding out their cable bill year-round — meant that the Mouse had to sell at a discount that is rippling through the sports business ecosystem. The Yankees bought back the YES Network for $3.47 billion, but the other RSNs sold to Sinclair for