Sinclair Broadcast Group, the Cubs’ partner on the new Marquee Network, has reportedly won the bidding for the 21 Fox regional sports networks that had to be divested as part of Disney’s purchase of its competitor. As Charles Gasparino of Fox Business broke on Twitter Friday, there is a “handshake agreement” in place now to purchase the networks for $10 billion should another bidder not emerge.
SCOOP: Sources say @Disney has reached a “handshake agreement” with @WeAreSinclair over Fox RSN purchase; deal being finalized; Sinclair has said it will pay up to $10b for 21 Fox RSNs if another bidder doesnt emerge.