Fox Sports Networks in the context of "Media market"

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⭐ Core Definition: Fox Sports Networks

Fox Sports Networks (FSN), formerly known as Fox Sports Net, was the collective name for a group of regional sports channels in the United States. Formed in 1996 by News Corporation, the networks were acquired by the Walt Disney Company on March 20, 2019, following its acquisition of 21st Century Fox. A condition of that acquisition imposed by the U.S. Department of Justice required Disney to sell the regional networks by June 18, 2019, ninety days after the completion of its acquisition. Disney subsequently agreed to sell the networks (excluding the YES Network, being reacquired by Yankee Global Enterprises) to Sinclair; the transaction was completed on August 22, 2019. The networks continued to use the Fox Sports name only under a transitional license agreement while rebranding options were explored. A rebranding cross-partnership with Bally's Corporation took effect on March 31, 2021, and the networks were rebranded as Bally Sports, ending the Fox Sports Networks branding after 25 years.

Each of the channels in the group carried regional broadcasts of sporting events from various professional, collegiate and high school sports teams (with broadcasts typically exclusive to each individual channel, although some were shown on multiple FSN channels or syndicated to a local broadcast station within a particular team's designated market area), along with regional and national sports discussion, documentary and analysis programs.

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In this Dossier

Fox Sports Networks in the context of Acquisition of 21st Century Fox by Disney

The acquisition of 21st Century Fox by The Walt Disney Company was announced on December 14, 2017, and was completed on March 20, 2019. Among other key assets, the acquisition included the 20th Century Fox film and television studios, U.S. cable channels such as FX, Fox Networks Group, a 73% stake in National Geographic Partners, Indian television broadcaster Star India, and a 30% stake in Hulu. Most remaining assets (including the Fox Broadcasting Company, Fox Television Stations, Fox News Channel, Fox Business, Fox Sports 1 and 2, Fox Deportes, and the Big Ten Network), which were excluded from the deal, were spun off into a new company called Fox Corporation on March 19, 2019 (a day before the acquisition was completed). Other 21st Century Fox assets such as the Fox Sports Networks and Sky were divested and sold off to Sinclair and Comcast, respectively.

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Fox Sports Networks in the context of Turner Broadcasting System

Turner Broadcasting System, Inc. was an American television and media conglomerate founded by Ted Turner in 1965. Based in Atlanta, Georgia, it merged with Time Warner (later WarnerMedia) on October 10, 1996. As of April 2022, all of its assets were absorbed into Warner Bros. Discovery (WBD). The headquarters of Turner's properties were largely located at the CNN Center in Downtown Atlanta, and the Turner Broadcasting campus off Techwood Drive in Midtown Atlanta, which also houses Techwood Studios. Some of their operations were housed within WBD's corporate and global headquarters inside 30 Hudson Yards in Manhattan's West Side district, and at 230 Park Avenue South in Midtown Manhattan, both in New York City, respectively.

Turner was known for several pioneering innovations in U.S. multichannel television, including its satellite uplink of local Atlanta independent station WTCG channel 17 as TBS—one of the first national "superstations", and its establishment of the Cable News Network (CNN)—the first 24-hour news channel. It later launched a sister cable network, TNT; the professional wrestling promotion World Championship Wrestling (WCW), the animation-centered Cartoon Network (which later spawned an adult-oriented night-time sister network in the form of Adult Swim, as well as the classic-cartoon channel Boomerang), and the classic-movie channel Turner Classic Movies (TCM). Turner South—a network devoted to regional sports and southern lifestyle programming—was launched by Turner in 1999, but was later sold to Fox Sports Networks in 2006 to form SportSouth. The same year, it acquired Liberty Media's stake in their joint venture Court TV. WCW assets were later sold to the World Wrestling Federation (WWF, now WWE) in 2001.

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