Who Owns Tennis Channel?

The Tennis Channel is a sports television network that is owned by Sinclair Broadcast Group. The channel offers live coverage of tennis tournaments, as well as original programming and highlights.

Introduction

Tennis Channel is an American sports television channel that is owned by Sinclair Broadcast Group. The channel’s headquarters are located in Santa Monica, California.

Tennis Channel first launched on May 15, 2003. The channel was originally owned by the cable TV operator Tele-Communications Inc. (TCI). In 2006, Tennis Channel was sold to CBS Corporation for $487 million. In 2011, CBS Corporation announced that it would sell Tennis Channel to Sinclair Broadcast Group for $350 million.

Discovery Communications

Discovery Communications, Inc. is an American global mass media and entertainment company based in Silver Spring, Maryland. The company started as a television channel in 1985. The company has since expanded to include 14 networks.

History

Discovery Communications, Inc. (NASDAQ: DISCA, DISCB, DISCK) is an American global mass media and entertainment company based in Silver Spring, Maryland. The company started as a single channel in 1985, The Discovery Channel.[4] In 2018, 10% of the company will be spun off to shareholders as a new publicly traded entity known as Group Nine Media.

Ownership

DCI is a majority-owned subsidiary of Discovery Communications (Nasdaq: DISCA, DISCB, DISCK), the world’s #1 nonfiction media company reaching more than 1.5 billion cumulative subscribers in over 200 countries and territories.

Financials

Income
Discovery Communications, Inc. (Nasdaq: DISCA, DISCB, DISCK) is a global leader in real life entertainment, serving a passionate audience of superfans around the world with content that inspires, informs and entertains. Driven by curiosity, Discovery reaches beyond the conventional to ignite a lifelong passion in its viewers.

Operating Income (Loss)
Discovery Communications, Inc. (Nasdaq: DISCA, DISCB, DISCK) is a global leader in real life entertainment, serving a passionate audience of superfans around the world with content that inspires, informs and entertains. Driven by curiosity, Discovery reaches beyond the conventional to ignite a lifelong passion in its viewers.

Comcast

Comcast Corporation is an American telecommunications conglomerate headquartered in Philadelphia, Pennsylvania. It is the second-largest broadcasting and cable television company in the world by revenue and the largest pay-TV company, the largest cable Internet provider, and the fourth-largest home telephone service provider in the United States. As of 2015, Comcast serves over 22.3 million customers in 40 states.

History

Comcast Corporation is an American telecommunications conglomerate that is the largest broadcasting and cable television company in the world by revenue. It is the second-largest pay-TV company after AT&T-DirecTV, largest cable TV company and largest home Internet service provider in the United States, and the nation’s third-largest home telephone service provider. Comcast services U.S. residential and commercial customers in 40 states and in the District of Columbia. The company’s headquarters are located in Philadelphia, Pennsylvania. As of 2017, Comcast is one of the few companies that own two major sports networks: NBC Sports Group (which includes Golf Channel, NBCSN, NESN, NBC Sports Regional Networks, and NBC Sports Radio) and FSAZ +

Ownership

Comcast is the owner of Tennis Channel.

Financials

In February 2009, Comcast announced that it would exercise its option to purchase a controlling interest in NBC Universal from General Electric. The purchase, which was completed in January 2011, valued NBC Universal at $30 billion. Comcast subsequently acquired GE’s remaining interest in the company in 2013.

Sinclair Broadcast Group

Sinclair Broadcast Group, Inc. is an American telecommunications conglomerate that is headquartered in the city of Hunt Valley, Maryland, in the United States. The company is the largest television station operator in the country by number of stations, and is a leading provider of local sports and news content.

History

Sinclair Broadcast Group is an American telecommunications company that is owned by the family of company founder Julian Sinclair Smith. It is the largest television station operator in the United States by number of stations, and largest by total coverage; owning or operating a total of 193 stations across the country. The company also operates in the cable television industry through its subsidiary, diamond sports group.

Ownership

In December of 2003, the Sinclair Broadcast Group, a large media conglomerate, purchased the Tennis Channel. The $350 million dollar purchase also included Sinclair’s acquisition of a 7.5% stake in the PGA Tour. According to Businessweek, this was part of Sinclair’s goal “to become a leading provider of sports and entertainment.”

The Tennis Channel is currently available in approximately 40 million homes nationwide.

Financials

Sinclair Broadcast Group is a publicly traded American telecommunications company that is controlled by the family of founder Julian Sinclair Smith. Sinclair Broadcast Group owns or operates, programs or provides sales services to more local television stations than anyone and has affiliations with all the major networks. The Company also owns four regional sports networks, one American network, and various digital assets.

Conclusion

In 2012, Comcast, the largest cable company in the United States, agreed to purchase a majority stake in Tennis Channel for $335 million. The sale gave Comcast a controlling interest in the network and made it a part-owner of the French Open.

Comcast has been a major investor in Tennis Channel since its inception and was one of the original launch partners when the network debuted in 2003. The acquisition gives Comcast greater control over programming and distribution of the network as it looks to compete with ESPN and other sports networks.