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DAT: Bankruptcy court plan calls for AT&T, DirecTV to take over Comcast SportsN
Posted on 8/7/14 at 9:54 am
Posted on 8/7/14 at 9:54 am
quote:
According to an investment agreement involving AT&T, DirecTV Sports Networks, the Astros and Rockets and signed by Astros owner Jim Crane and Rockets CEO Tad Brown, the Houston Regional Sports Network partnership will be reorganized as a limited liability company with 1,000 common shares – 40 percent to AT&T, 60 percent to DirecTV Sports Networks.
LINK
quote:
The new network will provide a considerable viewership boost, since DirecTV has 21 percent of TV households in the Houston area and U-verse has 22.7 percent.
The Comcast affiliation agreement will be assumed, so the new network, presumably to be called Root Sports Houston or whatever, will be seen on Comcast Houston.
More legal action could result from the reorganization and Comcast’s ownership departure. “The plan contemplates the creation of a litigation trust to investigate and potential pursue claims (the teams) could prosecute against Comcast,” attorneys said in the disclosure statement.
The teams apparently also are going to fight Comcast over repayment of the $100 million secured loan from Comcast for startup costs.
As of this filing, unsecured claims against the HRSN partnership total $106.5 million.
quote:
David Barron ? @dfbarron
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Reorganization plan does not state this specifically, but CSN Houston under this plan apparently would become Root Sports Houston.
This post was edited on 8/7/14 at 11:03 am
12
Posted on 8/7/14 at 9:55 am to Prominentwon
Posted on 8/7/14 at 10:01 am to Prominentwon
Does that mean we can watch that shite in Louisiana now?
Posted on 8/7/14 at 10:03 am to TigersSEC2010
next season. won't be official for at least 70 days
Posted on 8/7/14 at 10:04 am to Prominentwon
Posted on 8/7/14 at 10:06 am to Prominentwon
Does this include the rockets tv rights?
Posted on 8/7/14 at 10:06 am to Prominentwon
Oh yay, still won't be able to see it on Cox.
Posted on 8/7/14 at 10:07 am to ShaneTheLegLechler
This will make it a Root Sports network right? I believe that's Directv's sports network
Posted on 8/7/14 at 10:07 am to C
quote:
Does this include the rockets tv rights?
Posted on 8/7/14 at 10:08 am to Prominentwon
quote:
AT&T to take over Comcast Houston.
Posted on 8/7/14 at 10:10 am to MillerMan
Yes I believe it does
Posted on 8/7/14 at 10:10 am to ShaneTheLegLechler
quote:
Yes I believe it does
I thought they separated earlier this year so that's why I asked.
Posted on 8/7/14 at 10:10 am to ShaneTheLegLechler
Posted on 8/7/14 at 10:19 am to C
Posted on 8/7/14 at 10:24 am to Prominentwon
Well hol-e shite! Great news and about damn time! 
Posted on 8/7/14 at 10:25 am to Prominentwon
Posted on 8/7/14 at 10:35 am to dgtiger3
So guess I'm shite-out-a-luck with Dish Network. Oh well.
Posted on 8/7/14 at 10:46 am to Atari
Finally.
Posted on 8/7/14 at 10:47 am to Atari
Posted on 8/7/14 at 10:48 am to CQQ
I have DirecTV but what about Suddenlink?
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