For years now many cord cutters have dreamed of AT&T Sports Nets becoming more cord cutting friendly. AT&T Sports Net have been one of the last regional sports networks to strike a deal with live TV streaming services like Sling TV. Only recently did AT&T Sports Net’s Southwest become cord cutting friendly by adding support for fuboTV. Still, several of AT&T’s Sports Nets are not available on any live TV streaming services. The only other sports networks that are not cord cutting friendly are the Spectrum Sports Networks.
Now it is being reported by Bloomberg that AT&T is considering its regional sports networks to help cut AT&T’s massive debt load. According to reports, AT&T may be able to get close to $1 billion for the networks. This comes as Sinclair just paid $9.6 billion to buy the 21 Fox regional sports networks from the Walt Disney Co.
Earlier this year, it was reported that AT&T has $180 billion in debt from buying DIRECTV and Time Warner Inc among other expenses. Recently AT&T sold its 9.5% share of Hulu back to Hulu for $1.43 billion. According to reports, AT&T also used that money to pay off its debt. AT&T’s CEO recently said that reducing debt is a top priority for AT&T this year and selling AT&T Sports Nets may help reach that goal.
For many cord cutters, the idea of AT&T selling its AT&T Sports Nets sounds like good news. The hope would be that the new owners would finally strike a deal to bring the networks to services like Hulu, PlayStation Vue, Sling TV, YouTube TV, to name a few. For now, we will have to wait and see what AT&T does with the networks.
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