United States

DOJ may allow Disney to spin off Fox’s regional sports networks

The Department of Justice is prepared to put the ball back in Disney’s court for unloading Fox’s regional sports networks, saving Disney from a fire sale and billions of dollars in losses, two sources with direct knowledge of the situation said. The Justice Department is poised to allow Disney to spin out the control of Fox’s 22 regional sports networks to complete its $71 billion deal for Fox, one of the sources said, as opposed to finding an actual buyer. Disney would have to relinquish operational control of the new entity. “They can certainly spin out just control, or spin it out to a separate board with a partial public company,” the source who has direct knowledge of the feds’ thinking said. Disney has had a tough t ...