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NFL And ESPN Close Deal Sending NFL Network, Other Media Assets To ESPN In Exchange For 10% Stake

ESPN/NFL The NFL and ESPN have closed a deal that will see the NFL Network and other league media assets controlled by the Disney sports division. In exchange for its assets, the NFL is taking a 10% stake in ESPN. Hearst retains the 20% position in the sports operation it has had since 1990.

ESPN and NFL

ESPN and NFL

Credit: Deadline

Key Highlights

  • “The NFL and ESPN are pleased to announce the official closing of the sale of NFL Network and other NFL Media assets to ESPN,” the league and ESPN said in a joint statement provided to Deadline.
  • “With the closing, we will begin integrating NFL employees into ESPN in the months ahead.
  • As we look to the future, NFL fans can look forward to expanded NFL programming, greater access to NFL Network, innovative fantasy experiences and unparalleled coverage of America’s most popular sport.” Related Stories Trailers 'Mandalorian and Grogu', 'Michael', 'Scream 7' & More In Play For Super Bowl LX Movie Trailers Executives Disney Board To Meet Next Week As CEO Succession Drama Nears Final Act The Athletic had the first report of the regulatory approval on Saturday night.
  • Watch on Deadline The transaction was announced last August as uncertainty was increasing about the regulatory approval process in the media business.
  • (Paramount and Skydance were about to finalize their merger after a long odyssey, and eight-figure payouts by Disney, Paramount and other companies to settle lawsuits by the Trump Administration were raising the specter of appeasement.) Viewers and subscribers won’t notice any changes between now and April, which is when the agreement is due to take full effect.
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Sources

  1. NFL And ESPN Close Deal Sending NFL Network, Other Media Assets To ESPN In Exchange For 10% Stake

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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