Deals
Fight for Fox Local Sports Channels Could Shake Up Broadcasting
- Disney must sell 22 networks it’ll get in $71.3 billion deal
- Auction could value assets at about $20 billion, people say
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Walt Disney Co.’s Bob Iger may not have planned it, but his $71.3 billion deal for 21st Century Fox Inc.’s entertainment assets could be about to reshape sports and regional broadcasting in the U.S.
With shareholders approving the sale last month, attention has turned to 22 Fox regional sports networks that regulators are forcing Disney to sell. The networks hold television rights to 44 professional basketball, baseball and hockey teams, including the Green Bay Packers and the Atlanta Braves.