Sources: Bid Book Sent Out For Sale Of Fox RSNs

Disney’s sales process for Fox’ 22 RSNs took a big step forward last week when the company sent the official bid book to prospective bidders, according to several sources. Said to be more than 150 pages, the book was sent to networks, digital companies, distributors and investment banks who agreed to sign a non-disclosure agreement. Allen & Co. and JP Morgan Chase are handling the sale for Disney, sources said.

It is not known exactly which companies received the book, but one surprise is that Comcast did not, as sources say that it found the some of the NDA’s conditions to be too onerous. It has been long assumed that Comcast was interested in buying the Fox RSNs in markets where it operates a dominant cable system: Atlanta, Detroit, Miami and Tampa. Comcast could change course and sign the NDA later in the sale process, sources say.