Fox Sports Buys SportsTime Ohio for $230 Mil. and $400 Mil. for Rights Fees

Fox Sports Buys SportsTime Ohio for $230 Mil. and $400 Mil. for Rights Fees

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It was announced today that Paul Dolan, owner of the Cleveland Indians, sold their television network SportsTime Ohio to Fox Sports for a reported $230 million. The sales also sells the the rights to broadcast Indians games on Fox for 10 years at $40 million a year. The new rights will start with the 2013 season. The Indians earned $30 millions in rights free from SportsTime Ohio in 2012.

Belo is a statement from the Indians in regards to the sale.

FOX Sports secures exclusive long-term local telecast rights to the Cleveland Indians.

FOX Sports Media Group and SportsTime Ohio today announced an agreement that calls for FOX Sports to acquire SportsTime Ohio, the Cleveland-based regional sports network that has been offering local telecasts of Cleveland Indians games for the past seven seasons.

In addition, FOX Sports Media Group announced that it has secured the exclusive long-term local telecast rights for Indians baseball, ensuring that the Indians will once again be part of the FOX Sports portfolio of regionally televised hometown teams. Prior to the 2006 season, Indians games were locally televised by FOX Sports Ohio.

Cleveland Indians Chief Executive Officer Paul Dolan said: “We look forward to a long-term partnership with FOX that will continue to bring state-of-the-art broadcasts of Indians games to the fans while strengthening the franchise and enhancing our ability to build competitive teams.”

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