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Comcast to Purchase Stake in Two Cablevision RSNs PDF Print E-mail
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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.

 
 
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