AT&T CFO John Stephens on Tuesday told an investors conference that an auction to sell four regional sports networks to reduce overall debt is nearing a possible buyer and conclusion. "We have had on the market our regional sport networks and we're looking at the potential for those," Stephens told the Deutsche Bank Annual Media, Internet & Telecom Conference, which was set to take place in Palm Beach, Florida, but was changed to a virtual event amid virus outbreak fears.
The four RSNs up for grabs include AT&T SportsNet Pittsburgh, AT&T SportsNet Rocky Mountain AT&T SportsNet Southwest and Root Sports Northwest.
Stephens did not name any potential bidders, but likely suitors include the Sinclair Broadcast Group, which earlier acquired 21.
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