Sinclair Broadcasting buys regional sports network, Byron Allen is equity partner

Sinclair Broadcast Group agreed to buy 21 regional sports networks and Fox College Sports from the Walt Disney Co. for $9.6 billion.

As part of the deal, entertainment entrepreneur Byron Allen has agreed to become an equity and content partner in a newly formed subsidiary of Sinclair that will be the parent of Diamond Sports Group, the Sinclair unit that will acquire the RSNs.

Allen bought the Weather Channel in 2018 and founded Entertainment Studios. Read more from Broadcasting + Cable.