A federal bankruptcy judge has approved a restructuring that calls for the sale of struggling regional sports network Comcast SportsNet Houston to AT&T and DirecTV.
Employees of companies that perform technical work for DirecTV have filed two dozen federal lawsuits in the last seven days, arguing that they should treated as employees of the satellite operator.
While that other big proposed pay-TV mega-merger has seen increasing amounts of flak thrown at it via FCC filings, the suggested union of AT&T and DirecTV seems to be mounting powerful backers in the media technology world.
Striking a defensive tone eerily similar to another FCC petition issued by Comcast three weeks ago, AT&T and DirecTV tried to distance their proposed merger from that being undertaken by Comcast and Time Warner Cable.
Comcast has decided not to appeal a ruling by a bankruptcy judge on the valuation of regional sports network CSN Houston, clearing the sale of the network to DirecTV and AT&T.
The bankruptcy court battle over struggling regional sports network CSN Houston is going into overtime. Comcast has appealed a ruling rendered Wednesday by Bankruptcy Judge Marvin Isgur that seemed, at the time, to have cleared the sale of the network to AT&T and DirecTV.
The sale of troubled regional sports network CSN Houston to AT&T and DirecTV now appears likely, with a bankruptcy court judge ruling against Comcast on the key matter of the network's remaining value.
Despite the fact that its proposed purchase of DirecTV would give it 18 million satellite TV subscribers in Latin America, AT&T remains very much on the lookout for other expansion opportunities in a region that is growing 10 times faster than the United States.
Pac-12 Networks has partnered with technology company Synacor to offer a la carte multiscreen services to students on select conference campuses.
The fate of carriage-crippled regional sports network Comcast SportsNet Houston now hinges on what dilapidated value a bankruptcy court deems that it has left. The teams want to sell the bankrupt network to AT&T and DirecTV at a value of around $22 million, down from an initial value of $700 million.