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Economy and Business

News Corp. to acquire SportsTime Ohio
Media giant could anounce deal as early as this week

Grant Engle
In The Region:

While it’s the offseason for the Cleveland Indians players, team-owner Larry Dolan is working one of his biggest deals.

Reuters is reporting that media giant News Corp. will announce as early as this week that it’s paying as much as $230 million to buy Dolan’s SportsTime Ohio – the television home of the Indians and Cavaliers.

News Corp. bought a 49 percent share of the YES Network, which broadcasts New York Yankees and New Jersey Nets games earlier this week.

Robert Picard is the editor of the Journal of Media Business Studies. He says buying local sports channels is good for News Corp. because it can extend its reach in the sports market, but it’s also good for SportsTime Ohio. 

Robert Pickard talks about the benefits of the acquisition

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“Part of the important part of these kinds of linkages is that they’re bringing knowledge, skills and techniques that may not have been in the market – sometimes equipment, sometimes money. All of these things can help improve the local provider.”

SportsTime Ohio was created by the Dolan family in 2006. The channel also broadcasts Mid-American Conference football games, Horizon League basketball games and Ohio high school football.

Listener Comments:

While this may be good for the corporate interests of Fox Sports and Sports Time Ohio, it will be a BAD DEAL for consumers. Fox Sports is the most rapacious media owner in the nation. They will surely raise the price for Sports Time Ohio for all local consumers who use cable TV, satellite or AT

Posted by: Bob (Massillon) on December 7, 2012 8:12AM
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