Saturday, December 29, 2012
Associated Press
CLEVELAND
The Indians sold their regional TV sports network and telecast rights for Indians baseball games to Fox Sports Media Group, in a deal announced Friday.
Fox Sports Media Group said it will have the exclusive long-term local telecast rights for the Indians.
While no financial terms were released, The Plain Dealer reported that Fox Sports is paying an estimated $230 million for SportsTime Ohio and $400 million over 10 years to broadcast the games.
Since 2006, the team’s games have been on SportsTime Ohio, a locally-based regional sports network created by Indians owners Paul and Larry Dolan.
Paul Dolan said in a statement Friday that the sale of SportsTime Ohio will strengthen the franchise and help its ability to build competitive teams.