Cleveland Indians Selling SportsTime Ohio Network to Fox Sports Ohio
The Cleveland Indians are now in the process of selling their SportsTime Ohio television network to Fox Sports Ohio.
The deal, which could be finalized by the end of the year, could be worth between $200 and $250 million. The Tribe's rights fees for broadcasting their games could also increase from $30 million to $40 million per year.
STO was created in 2006 by the Indians' ownership under the Dolan family. It was an attempt to create extra revenues for the team. Prior to 2006, Fox held broadcasting Indians' games.
It is said that Time Warner Cable was also interested in acquiring STO.
For the upcoming 2013 baseball season, it is like that STO will exist in some form or another while Fox assumes control. It is not clear what kind of effect the sale would have on STO broadcasters Rick Manning, Al Pawlowski, and Matt Underwood.
Fox already carries Cincinnati Reds baseball games, Columbus Blue Jackets NHL games, Cleveland Cavaliers NBA games, Columbus Crew soccer matches, and Lake Erie Monsters hockey games. They also carry broadcasts for the University of Cincinnati and Dayton.