Sinclair Broadcast Group, a publicly traded American telecommunications conglomerate, completed the acquisition of 21 regional sports network from Walt Disney, an American diversified multinational mass media and entertainment conglomerate, in a $10.6bn deal. "This is a very exciting transaction for Sinclair to be able to acquire highly complementary assets," commented Chris Ripley, President and CEO of Sinclair. "While consumer viewing habits have shifted, the tradition of watching live sports and news remains ingrained in our culture. As one of the largest local news producers in the country and an experienced producer of sports content, we are ideally positioned to transfer our skills to deliver and expand our focus on greater premium sports programming."