Get ready, Angelenos, another regional sports network may be headed your way!
Time Warner Cable is in advanced talks with the Dodgers for a deal involving the storied franchise’s television rights. According to the Los Angeles Times, Time Warner Cable is prepared to pay upward of $7 billion for the right to be in business with the Dodgers for the foreseeable future. A contract could be announced as early as later this week. This would be the biggest local sports contract in television history.
Currently, Dodger games can be seen on News Corp.‘s Prime Ticket channel. But that deal expires at the end of the 2013 baseball season. While News Corp. is still in the hunt, right now it appears that Time Warner Cable has the lead heading into the ninth inning of negotiations with the team’s new majority owner, Guggenheim Partners.
Although Time Warner Cable also has a Los Angeles sports outlet (SportsNet), which is home to the Lakers and has plenty of room to accommodate the boys in blue, the Dodgers are hot for their own channel that they would control. Given that Guggenheim spent $2.15 billion for the team, that’s hardly a surprise. It is banking on TV money to justify that cost and if it can own the channel too, that’s more potential gravy.
Posted: January 21, 2013 at 04:26 PM | 6 comment(s)
Login to Bookmark