Amazon’s bid for Disney’s RSNs an evolutionary step for sports streaming

| November 20, 2018

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Amazon’s experience in broadcasting live sports apparently has whet its appetite for more. The e-commerce giant – according to a CNBC report – is in the running for Disney’s 22 regional sports networks that the Mouse Network has to offload as part of its deal in acquiring 21st Century Fox.Amazon isn’t the only interested party, of course, as Sinclair Broadcast Group, KKR, The Blackstone Group, Tegna, and Apollo Global Management all have expressed interest, placing their bids in what likely is just early positioning. Fox, which had early on been seen as having the inside track to reacquiring the sportsnets at a discount so far has remained on the sidelines.Also rumored to be part of Amazon’s bid was YES Network, which carries New York Yankee and Brooklyn Nets games. YES has been seen as one of the sports networks that could be sold on its own.

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TEGNA Inc. is a media company innovating in the digital age. Our purpose is to serve the greater good of our communities - through empowering stories, impactful investigations and innovative marketing services.As one of the most geographically diverse broadcasters in the U.S., TEGNA is a best-in-class operator with 49 television stations (including those serviced by TEGNA) and two radio stations in 41 markets from coast to coast. We are the largest owner of Big Four affiliates in the top 25 markets reaching one-third of all television households nationwide. Each month, TEGNA reaches 50 million adults on-air and approximately 30 million across our digital platforms. Across Twitter, Facebook and Instagram, TEGNA's stations have over 25 million social followers.

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