Time Warner, Comcast May Not Let Mets Sell SNY Stake (TWX, CMCSA)

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A tweet from Michele Steele, who is Bloomberg's sports business reporter says that Comcast CMCSA and Time Warner TWX may not let the owners of the New York Mets, Fred & Jeff Wilpon, sell their stake in SNY, the paid cable channel, which is co-owned by all three.

The Wilpon's are looking to raise funds, including selling a portion of the Mets in order to settle with Irving Picard in regards to the Bernie Madoff Ponzi scheme case.

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Posted In: NewsRumorsBernie MadoffBroadcasting & Cable TVConsumer DiscretionaryFred WilponMovies & EntertainmentNY MetsPonzi Scheme
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