Sinclair to buy 21 of Disney sports channels

Nearly one year after the U.S. Department of Justice ordered Disney to sell off 22 Fox regional sports networks as a provision of its Fox deal, Disney has successfully unloaded the full package, and the winner is Sinclair Broadcasting Group. According to the Wall Street Journal, Disney and Sinclair have reached a deal for all 21 channels, with a price tag of $10 billion. That’s far cheaper than the $15 billion to $25 billion range most analysts had predicted Disney could get; Guggenheim Partners had valued the portfolio at $25 billion. This deal, when official, will be the third sports TV move Sinclair has made in a short time. In March, Sinclair joined Blackstone and Amazon in backing the New York Yankees’ $3 billion re-purchase of the 80% of YES Network the team had sold to Fox in

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