Home Television Comcast to Purchase Stake in Two Cablevision RSNs

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 599 guests online

Atom RSS

Comcast to Purchase Stake in Two Cablevision RSNs PDF Print E-mail
User Rating: / 0
PoorBest 
Written by The Staff   
Monday, 30 April 2007 05:12

ComcastComcast will be purchasing a stake in two Cablevision controlled regional sports networks (RSNs) for $570 million in cash. When the deal is completed, Cablevision will have divested itself of any sports properties outside of New York state. As reported by Mediaweek:

Under the terms of the deal, which was announced by both parties Monday morning, Comcast will snap up Cablevision’s 60 percent interest in Fox Sports Net Bay Area and its 50 percent interest in Fox Sports Net New England. The latter transaction gives Comcast full control over FSN New England; the remaining 40 percent stake in the Bay Area RSN will continue to be held by a News Corp. affiliate.

 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?