Now it is being reported by Bloomberg that AT&T is considering its regional sports networks to help cut AT&T’s massive debt load. According to reports, AT&T may be able to get close to $1 billion for the networks. This comes as Sinclair just paid $9.6 billion to buy the 21 Fox regional sports networks from the Walt Disney Co.
Earlier this year, it was reported that AT&T has $180 billion in debt from buying DIRECTV and Time Warner Inc among other expenses. Recently AT&T sold its 9.5% share of Hulu back to Hulu for $1.43 billion. According to reports, AT&T also used that money to pay off its debt. AT&T’s CEO recently said that reducing debt is a top priority for AT&T this year and selling AT&T Sports Nets may help reach that goal.
For many cord cutters, the idea of AT&T selling its AT&T Sports Nets sounds like good news. The hope would be that the new owners would finally strike a deal to bring the networks to services like Hulu, PlayStation Vue, Sling TV, YouTube TV, to name a few. For now, we will have to wait and see what AT&T does with the networks.
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