SportsTime Ohio, which has televised Indians games the past seven years, was formally acquired by Fox Sports subsidiary Fox Media Group on Friday.
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.
Fox Sports Ohio can be seen in more than five million homes, and the network’s slate of games includes the Cincinnati Reds, Cavaliers, Columbus Blue Jackets, Columbus Crew, Xavier University and the University of Cincinnati. It appears that local high school football and Mid-American Conference football and basketball games will continue to be part of Fox Sports Ohio programming.
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. News Corp., the parent company of FSN, last month purchased a 49 percent interest in the YES Network, which televises Yankees games, and has the option to acquire 80 percent of YES after three years.
— Sheldon Ocker