Word is that Amazon is very interested in buying the Fox O&O’s.
Variety writes that there have been rumblings that Amazon also has an interest in Fox’s 28 owned-and-operated TV stations.
Those TV stations will remain with the new iteration of Fox that will emerge after the Disney transaction is completed early next year.
Surprisingly, sources say Fox is open to discussing a deal for the stations because the company can still extract significant value from them, on top of a big one-time sale premium, if Amazon agrees to a long-term reverse-compensation Fox affiliation agreement.
All told, Amazon’s prospective entry into local media promises to bring further earthquakes to a TV marketplace already in disruption. Unlike every other broadcaster, Amazon sees TV, in all its permutations, as a kind of barker channel for its larger retail business.