The NBA has reportedly agreed to terms for its next media rights deal — and it looks like Warner Bros. Discovery's TNT Network could lose out.
If true, it will be a gut punch for the legacy media giant, which has aired NBA games through its TNT network since 1989. Itshells out $1.2 billion annually for the rights, which expire at the end of next season. But Comcast 's NBCUniversal is set to take over its current rights package at a much higher price.
"There is a pretty vicious debate among investors: Is losing the NBA catastrophic for WBD because they're at risk of getting dropped by distributors, whether it's a YouTube TV or a Comcast? Will this sort of be the end of carriage for this company, or at least a significant haircut to carriage? Or is saving a billion-plus dollars a year going to be a positive financial transaction?""You've seen them do some small deals, like college football playoffs, nothing terribly...
PHILADELPHIA — Joe “Jellybean” Bryant, the father of the late Basketball Hall of Famer Kobe Bryant, has died, his alma mater announced Tuesday.The Carolina Hurricanes put Evgeny Kuznetsov on unconditional waivers on Wednesday for the purpose of terminating his contract, a move that brings an abrupt end to the talented but inconsistent center's roller coaster NHL career.MLB’s All-Star game needs some help, but there may not be too much to restore it. Why? Straight cash, homey.
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