Sinclair RSN president Jeff Krolik to retire in August
Sinclair Broadcasting Group, the US television station owner, has announced Jeff Krolik, the long-time president of its Regional Sports Networks, will retire at the end of August.
Krolik’s retirement comes one year after Sinclair’s purchase of 21 Fox RSN’s from The Walt Disney Company in a deal worth $10.6 billion.
Sinclair has hired Los Angeles-based recruiter Nolan Partners to conduct the search for his replacement.
Krolik has led the RSN’s as president since 2013 when it was part of US broadcaster Fox. He guided it through its sale to Disney, as part of Disney’s wider purchase of Fox programming assets in 2019, and through the RSN’s sale to Sinclair two months later.
The 63-year-old said his retirement was timed in line with the one-year anniversary of the closing of Sinclair’s deal last August.
He said: “We’ve been through two acquisitions and one integration in the past three years. There’s no particular magic to it. At some point you just have to make a decision about when it’s the right time. I’ll 64 this year, and the one-year anniversary just seemed like the right time.”
Krolik first joined Fox Sport Bay Area in 1995 as senior vice-president and general manager and was promoted to executive vice-president of Fox RSN Group in 2007. Prior to that, he was vice-president at US pay-television network HBO.
During his tenure as president, the RSN group purchased majority stakes in regional sports channels Yankees Entertainment and Sports (YES) Network and SportTime Ohio. It also launched regional sports networks in Oklahoma, North and South Carolina, Indiana, San Diego and New Orleans.
Last year, Major League Baseball’s New York Yankees bought back the YES Network in a deal worth $3.47 billion, with Sinclair retaining a minority share.
Including its now minority stake in the YES Network and its interest in Marquee Sports Network, the partnership with MLB's Chicago Cubs, Sinclair has interests in 23 RSNs, with rights to games of 42 professional teams, including 14 in MLB, 16 in the National Basketball Association and 12 in the National Hockey League.