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Comcast may buy rest of FSN Bay Area & FSN New England


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Comcast could buy stake in two regional sports networks

Silicon Valley / San Jose Business Journal - February 23, 2007

by John Ourand


Comcast is in final negotiations to buy out Rainbow Media's stake in two regional sports networks -- FSN Bay Area and FSN New England -- a move that accelerates the cable operator's strategy to develop a footprint of regional sports networks across the United States.


The deal, with on-and-off negotiations going on for more than a year, is still several weeks away from being completed. But both sides have agreed on the move that would have Comcast buying out Rainbow's 60 percent stake in FSN Bay Area and Rainbow's 50 percent stake in the New England RSN. Fox Sports Net owns the remaining 40 percent of the San Francisco-based channel, and Comcast and Rainbow share ownership of the New England RSN.




This would include a tiny (1%) sliver of the Giants that FSN Bay Area owns. But this could kill the Athletics if they try to leave FSN Bay Area to Comcast SportsNet West or if the A's want to form their own network.


Comcast would own both FSN Bay Area and Comcast SportsNet West out in NoCal and that would open the door for them to move around their 5 teams: The San Francisco Giants, The A's, San jose Sharks, Golden State Warriors, and Sacramento Kings.

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