Monday, November 26, 2012

Dodgers, Fox Sports Talking $6-billion TV Deal

Fox Sports could pay at least $6 billion to retain the Dodgers’ television rights, three parties familiar with the negotiations said Sunday.

According to the LATimes, The deal could be worth three times what the Dodgers’ new owners paid for the team and almost 20 times the value of the Dodgers’ current television contract.

The deal is not done, the parties said, speaking on condition of anonymity because of the ongoing negotiations.

If the two sides do not strike a deal by Friday, the Dodgers would have until the following Friday to present Fox with a final offer, according to the team’s current contract. Fox would then have 30 days to accept or reject the offer.

In the absence of a deal, the Dodgers would be free to open talks with Time Warner Cable SportsNet or launch a team-owned cable channel.

Tom’s Take:  Increasing cost of sports deals is #1 reason why your cable/SatTV monthly charges will continue to rise.

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