Rogers Communications' plan to buy out Bell's ownership share of Maple Leaf Sports & Entertainment could become a big victory for an emerging power player on the sports media scene.
Rogers Communications' plan to buy out Bell's ownership share of Maple Leaf Sports & Entertainment could become a big victory for an emerging power player on the sports media scene.
Rogers announced Wednesday it planned to purchase Bell's 37.5-per cent share of MLSE for $4.7 billion, giving it 75 per cent ownership of the sports conglomerate. Rogers and Bell currently hold equal shares while MLSE chairman Larry Tanenbaum, via his holding company Kilmer Sports Inc., owns the other 25 per cent.
The deep-pocketed Amazon, meanwhile, is preparing to dip its toe in the NHL broadcasting water this season with Prime Monday Night Hockey. It already has an NFL package for Thursday night games and the NBA recently signed a long-term media rights deal with Amazon, Disney and NBC Universal. "And this move is the first domino to fall. The next domino to fall will be who exactly gets the rights in 2026."
As for Bell, Naraine said he expected the infusion of funds would likely be used to tackle debt and invest in its core telecom business.
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