NFL And ESPN Reach Nonbinding Agreement For Sale Of NFL Network And Other Media Assets

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The NFL has entered into a nonbinding agreement to sell NFL Network and other media assets to ESPN. The league will receive a 10% equity stake in ESPN in return. The deal still requires a final agreement, the approval of NFL owners and regulatory clearance. ESPN plans to include NFL Network in its upcoming direct-to-consumer service. The NFL will continue to own and produce the RedZone channel but will allow ESPN to distribute it. NFL Fantasy Football will merge with ESPN Fantasy Football. Viewers are unlikely to see changes until next year.

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