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It's official: Fox acquires STO
SportsTime Ohio, which has televised Indians games the past seven years, was formally acquired by Fox Sports subsidiary Fox Media Group today.
The purchase price was not announced, but it is believed Fox paid about $230 million for STO, which is owned by Larry and Paul Dolan, who also own the Tribe. Fox Sports Ohio will continue to air Indians games for at least 10 years and will pay rights fees of $40 million, a fee that is expected to escalate during the life of the contract.
Until the creation of STO, Fox Sports Ohio televised Indians games.
With the Tribe onboard, the Fox family of 20 regional sports networks owns the rights to televise the games of 16 major-league baseball teams.
