- Aug 26, 2011
And Sinclair is under the microscope right now. If they win such a bid, some Democrat somewhere is going to raise a stink...The remainder of Fox dropped out of contention for bidding on the RSNs. Only Sinclair seems to be left before they are sold piecemeal. Not a great look for sports on tv.
Sinclair would be a hard sell due to political issues...
>>Disney did attract second-round offers by Thursday’s deadline from potential buyers including Sinclair Broadcast Group Inc., Apollo Global Management and Major League Baseball, according to people familiar with the sale process. But the proposals valued the remaining networks at roughly six to eight times earnings before interest, taxes, depreciation and amortization, the people said.<<