The last act in Disney’s deal drama has been its search for a buyer of the 22 regional sports networks it acquired as part of its takeover of 21st Century Fox. The lucky winner is Sinclair Broadcast Group Inc., according to reporting from The Wall Street Journal. The deal looks as good for Sinclair as it is disappointing for Disney. The Justice Department required Disney, which is already the majority owner of ESPN, to sell the sports networks to avoid having too much market power in athletic entertainment. The 22 channels...

Source: Wall Street Journal May 03, 2019 14:50 UTC