The buyer of Fox Sports South, Fox Sports Southeast and 19 other regional sports networks sees opportunities for growth from non-game programming, digital streaming and legalized sports betting.
Sinclair Broadcast Group CEO Chris Ripley discussed the company’s acquisition of the Fox regional sports networks from the Walt Disney Company on a conference call with investment analysts Monday. He said the $10.6 billion transaction, announced Friday, is expected to close in the third quarter of this year.
“We see tremendous opportunity for the RSNs in the continued adoption of digital streaming, as well as in the nascent but fast-growing legalized sports betting space,” Ripley said.