Forget the $20-25 billion that Disney was expecting. The company received three second round bids for the package of regional sports networks it acquired from 21st Century Fox in the $71.3 billion deal the two companies made in 2018, and according to Bloomberg, those bids may be closer to $10 billion.
Sinclair Broadcast Group, Apollo Global Management, and Major League Baseball have been confirmed as bidders.
One potential factor in not being able to meet the expected price tag is that the package has shrunk. The $20-25 billion number is based on Disney selling all 22 RSNs together. With the Yankees interested in buying back controlling interest in YES, what Disney is receiving bids for is a package of 21 networks.
YES is valued at $4 billion according to Bloomberg. That means the package is still $6-8 billion short of expectations. That could be because Sinclair, Apollo, and MLB do not have other cable assets to package these networks with, like one-time rumored bidders Comcast and New Fox do, in order to command a higher carriage fee from cable and satellite providers.
Disney valued the 22 RSNs at $20-22 billion when it presented the $71.3 billion offer to Fox. It appears that when a sale does occur, as mandated by the US Department of Justice, the company will take a significant loss. No bid has been officially accepted yet, so that could change.
Mike Tirico, Tom Brady, Manningcast Win Sports Emmys
The annual Sports Emmys were handed out on Tuesday night, and some usual names and new names ended up taking home hardware.
Among the usual names were NBC’s Mike Tirico, who won for Outstanding Personality/Studio Host, and soon-to-be Sunday Night Football broadcast colleague Cris Collinsworth, who was named Outstanding Personality/Sports Event Analyst.
But among the new names as Sports Emmy winners include Tom Brady and both Eli and Peyton Manning.
Brady’s Man in the Arena saga won Outstanding Documentary Series, while the Mannings were rewarded for their work on the Monday Night Football Manningcast, which won Outstanding Live Series.
Here’s a rundown of some of the key Sports Emmy winners:
Here is a full list of winners and nominees for the 2022 ceremony.
Joe Buck Says He Won’t Miss World Series
“This is the first time since I was 18-years-old, and I’m 53, that I’m not doing a baseball game.”
Among the bigger chain reactions set off by Joe Buck leaving FOX for ESPN was the sudden vacancy in FOX’s main MLB broadcast booth.
The 2022 World Series will mark the first time since 1995 that Buck will not be on the microphone.
Speaking to Chris Long on his podcast Green Light, Buck hopes to be in a more exotic location watching World Series games this fall.
“I would like to be in Cabo San Lucas with a margarita in my hand and a half-smoked cigar watching Game 7 of the World Series,” Buck said. “Cheering on Joe Davis and John Smoltz, and Ken Rosenthal, and Tom Verducci, and Pete Macheska and Matt Gangl and right on down the line.”
Buck added he’ll take pleasure in turning the broadcast off if it’s Game 7 and there’s an insurmountable lead. But the broadcasting legend said even on a bigger scale, not calling any baseball games at all this season, let alone the World Series, is a bit surreal after covering the sport for so long.
“This is the first time since I was 18-years-old, and I’m 53, that I’m not doing a baseball game,” he said. “And that’s really weird to me, but I walk away really proud of what I and we did.”
He added that he will not miss the opportunity, because he does not feel like he will “leave any unfinished business” in FOX’s MLB booth.
Buck further praised his FOX colleagues and said it was time for a change. He knows Joe Davis will thrive in the opportunity.
NFL Likely To Launch NFL+ Streaming Service This Summer
“A source tells Fischer that a $5 per month price has been discussed for NFL+.”
According to the Sports Business Journal, consumers could be downloading NFL+ by July. Now, just what NFL+ will be is still yet to be finalized.
Ben Fischer of Sports Business Journal reported in the site’s newsletter that live games will certainly be at the center of the league-owned streaming service. It is likely to only be available on phones and tablets with no option to stream to a larger monitor.
The viewing options would be limited. No out of market games would be available on the app. It is meant to replace the deals that recently expired with Yahoo and mobile phone carriers that recently expired.
The app could also include other content. Radio calls, team-created digital content, and league-owned podcasts are all options.
A source tells Fischer that a $5 per month price has been discussed for NFL+. The pricing structure can and likely will change before the app hits the market.