Disney close to $60B deal to buy Fox


Disney purchasing Fox's many assets could be as expensive as over $60 billion according to a new report that surfaced earlier today. Not including the RSN's could still have a huge impact on Fox Sports and FS1.

So, Fox will retain its national sports and news properties, the official deal will not include the RSN's. While the Yankees' YES Network is clearly the crown jewel of the Fox RSN empire (this past season, the Baby Bombers averaged a 3.6 household rating on their home network, which works out to just shy of 255,000 in-market viewers per game), the smaller channels also pack a wallop.

Fox holds a controlling 80% stake in YES Network, the remainder of which is owned by the New York Yankees.

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Which brings us to ESPN.

21st Century Fox declined to comment on the report to Fortune; Disney didn't immediately return a request for comment.

The deal would add to Disney's portfolio of move franchises and production bandwidth as it prepares to yank its content form Netflix and launch its own streaming service.

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There is some worry that if Disney does acquire Fox, everything that Fox had and now owns would be Disneyfied, meaning it would be watered down. Shares in the company soared last month after it emerged U.S. media giants Comcast and Verizon had joined Disney in the race to acquire various parts of the company's operations.

Fox is reportedly hoping that sports and news will be more resistant to cord cutting because Americans still largely watch news and sports live.

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