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.
Comcast is now fighting a bankruptcy court-backed deal that would transfer ownership of struggling regional sports network Comcast SportsNet Houston to AT&T and DirecTV.
DirecTV has finally signed a deal with the National Football League that will keep the premium football game package NFL Sunday Ticket on the satellite operator's service through 2022. Terms of the deal weren't disclosed, but according to Reuters, the eight-year exclusive contract is valued at around $12 billion.
With regulators and the public focused on the proposed merger of the Nos. 1 and 2 cable companies, a preliminary deal combining the biggest phone company in the U.S. with the top satellite TV provider is flying under the regulatory radar.
The Pac-12 Networks will finally arrive on the program guides of DirecTV if AT&T's proposed acquisition of the satellite service passes regulatory muster.
DirecTV shareholders approved the satellite TV provider's proposed merger with AT&T, an action that removes one of the final hurdles to the blockbuster telecom transaction.