SNY Explores Sale, Seeks New Financial Backers

SportsNet New York (SNY), the regional sports network and broadcast home of the New York Mets, is exploring potential deals that could include an outright sale as its current majority owners, the Wilpon and Katz families, seek to exit the business. SNY has enlisted investment bank Moelis & Co. to find new financial backers, and the process is expected to attract interest from regional sports networks, private equity firms, and possibly Mets owner Steve Cohen. The network maintains an exclusive rights partnership with the Mets through 2035, which could make it especially attractive to bidders. Despite this, the regional sports network industry has faced significant challenges due to cord-cutting and shifting media consumption habits, leading owners to consider divesting. The timing of the potential sale coincides with heightened interest in the Mets following recent on-field success and high-profile player acquisitions. Any eventual deal is expected to help position SNY for the future amid a rapidly evolving sports media landscape.