Sources: MLB Would Be Minority Investor In Bid For Fox' RSNs
MLB has "resigned itself to becoming a minority investor" in the bid for Fox' 21 RSNs, according to sources cited by Josh Kosman of the N.Y. POST. A source said, "MLB preferred majority but have come to the conclusion that it is not going to be possible and they want to be part of a consortium." MLB Commissioner Rob Manfred surprised media execs in November when he "jumped into the auction." At the time, sources said that the league was "angling to centralize the media rights of MLB’s various teams, boosting its ability to resell games to a fast-growing array of online streaming services." Sources said that MLB has spoken to all the "leading suitors in the auction as it has tried to position itself." Sources added that the league is "now in talks to become a minority investor if Liberty Media wins the auction." However, if a rival bid from Sinclair Broadcasting or Ice Cube's Big3 basketball league prevails, sources said that MLB also would be "willing to play ball with one of them as a junior investor" (N.Y. POST, 4/19).