4.5 • 705 Ratings
🗓️ 23 April 2019
⏱️ 10 minutes
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0:00.0 | Welcome to Axis Porada, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics. |
0:11.9 | Sponsored by Bridge Bank. Be bold. Venture wisely. I'm Dan Permac. On today's show, Elon Musk makes a big promise, |
0:18.8 | and Mayor Pete gets a bit less friendly with big tech. |
0:22.3 | But first, the next Fox News. |
0:24.8 | So later this week, Disney is expected to announce the winner of an auction for a group of |
0:29.0 | regional sports networks that it's selling as part of an agreement with the U.S. government. |
0:32.8 | Basically, this is how Disney got approval to buy 21st Century Fox's entertainment assets last year, |
0:38.4 | despite already owning ESPN. |
0:40.4 | Anyway, bidders for all or part of the package include Major League Baseball, Amazon, |
0:45.0 | and a group put together by Ice Cube. |
0:47.1 | Yep, that Ice Cube. |
0:48.1 | But the current frontrunner reportedly is Sinclair Broadcasting, |
0:52.1 | the right-wing local TV group that just last year was prevented |
0:55.8 | from buying Tribune media due to allegations of lying to the FCC and acting in bad faith |
1:01.5 | with the Tribune board. At the time, there was widespread media speculation, including here |
1:06.0 | at Axios, that Sinclair was effectively finished as a major market player, and we had three reasons. |
1:12.3 | So first, it could have regulatory difficulty getting any new deal approved, given its past behavior. |
1:17.4 | Two, there was some possibility it could lose its broadcast licenses. |
1:21.4 | And three, even if one or two didn't come to pass, who would want to do business with a company that had acted as Tribune claimed, quote, |
1:28.2 | belligerently? The answer to all three, or at least to Disney, may be that time heals all |
1:33.6 | wounds, and not even that much time either. And it matters because Sinclair wants to do much more |
1:38.6 | than just broadcast local news and baseball games. It wants to become a national, political |
... |
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