Time Warner Sells Turner South to Fox

[SOURCE: Broadcasting&Cable, AUTHOR: Anne Becker]
After months of deep discussions, Time Warner has sold Atlanta-based regional cable channel Turner South to Fox. Seven-year-old Turner South, a division of Turner Broadcasting System, reaches about 8 million subscribers across six states with mainly sports programming including Atlanta Braves, Hawks and Thrashers games. In acquiring the network, Fox also inherits the long-term broadcast deals Turner South had with Atlanta’s baseball, basketball and hockey teams. The financial terms of the deal were not disclosed, but industry analysts have estimated Turner South to be worth about $200 million. With the addition of Turner South, Fox Cable Networks (FCN) now owns 15 regional cable networks and partners with 44 MLB, NBA and NHL franchises. FCN already owns Atlanta-based FSN South, the country’s largest regional sports network with more than 11 million subscribers.
http://www.broadcastingcable.com/article/CA6310352?display=Breaking+News&referral=SUPP
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See also --

* Fox Cable Nets Purchases Turner South For $200 Million
http://www.mediaweek.com/mw/news/recent_display.jsp?vnu_content_id=1002074216

* News Corp. Buys Turner South For $375 Million
http://online.wsj.com/article/SB114074230282382000.html?mod=todays_us_marketplace