Sports Channels Draw Interest From Private Equity, ‘New Fox’ and Ice Cube

Big media companies, sports teams, private-equity firms and a rapper are among those kicking the tires of nearly two dozen regional sports channels that Walt Disney Co. is divesting as part of its $71.3 billion purchase of 21st Century Fox assets.

The 22 channels include marquee properties in New York and Los Angeles. Guggenheim Securities valued the regional networks at $25 billion, but some likely bidders and industry observers say they are more likely to fetch between $16 billion to $20 billion, depending on how they are…

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