> NFL and ESPN reach nonbinding agreement for sale of NFL Network and other media assets
NFL and ESPN reach nonbinding agreement for sale of NFL Network and other media assets
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Description
Ever since the NFL announced it was looking to sell NFL Network and other media assets, ESPN had been seen as one of the favorites to make a deal.
Nearly five years later, a framework is finally in place.
The NFL announced Tuesday night that it has entered into a nonbinding agreement with ESPN. Under the terms, ESPN will acquire NFL Network, NFL Fantasy and the rights to distribute the RedZone channel to cable and satellite operators and the league will get a 10% equity stake in ESPN.
MORE: https://www.wthr.com/article/news/nation-world/nfl-espn-deal-nfl-network-media-assets/507-bb675f18-1992-434d-a1b6-10487a50ac8f