Announced
Completed
Financials
Sources
Tags
United States
broadcasting company
Acquisition
Domestic
Majority
Completed
Single Bidder
Private
Media Agencies
Friendly
Synopsis
Fenway Sports, a multinational sports company, completed the acquisition of SportsNet Pittsburgh, a regional sports network, from Warner Bros. Discovery, a mass media and entertainment company. Financial terms were not disclosed. “We appreciate the collaboration from the Penguins and Fenway Sports Group as we reach an agreement that is in the best interest of all parties, including the fans we all serve. I’d especially like to thank our Pittsburgh General Manager Shawn McClintock for his leadership, along with all of our colleagues who have worked passionately for years to showcase Penguins hockey. We wish the Penguins and Fenway Sports much success as they assume ownership of the newly named SportsNet Pittsburgh,” Patrick Crumb, Warner Bros. Discovery President.
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