November 2, 1991 |
Incurring severe financial whiplash, CBS Inc. reported Friday that it lost $169.1 million in the third quarter due largely to a huge writedown on its Major League Baseball and National Football League contracts. The news is the most pointed evidence yet of how much CBS overpaid for broadcast rights to major sports events, and possibly signals further trouble ahead when the network telecasts the 1992 Winter Olympics in February, analysts said.
August 24, 1989 |
With ABC and NBC refusing to bid, CBS bought rights to the 1994 Winter Olympics for $300 million Wednesday--$57 million more than it paid for the 1992 Winter Games. Its purchase of the 1994 Games in Lillehammer, Norway, gives the network consecutive Winter Games as part of its long-range bid to regain the lead in prime-time ratings, CBS officials said.
February 7, 2001 |
The XFL's first weekend was a ratings success but not an artistic one as television critics across the country bashed the fledgling professional football league and its business and broadcast partner, NBC. Some didn't like the quality of play, some didn't like the camera angles, some didn't like the cheerleaders, some didn't like commentator Jesse Ventura, and many didn't like the crassness of it all.
July 15, 1988 |
Docudramas about sensational crimes are good box office. So a Los Angeles production company hopes to make a TV movie about a grisly 1986 murder case in which 14-year-old Shaun Quillette was bludgeoned to death with a baseball bat by classmate Rod Matthews in Canton, Mass. Shaun's mother, Jeanne Quinn, is bitterly against a movie being made. Given TV's spotty record concerning accuracy in docudramas, her fear of Shaun being victimized a second time--by scriptwriters--is understandable.
August 8, 1998 |
Fox Broadcasting Co. is leaning toward making a counteroffer to the Walt Disney Co.'s bid for television rights to NHL games, in an effort to at least drive up the costs that its archrival will have to pay. Earlier this week, Disney made a $600-million bid for five years of exclusive coverage on its ABC broadcast network and its ESPN cable channels. The offer is nearly three times what Fox and ESPN pay under their current contracts with the NHL, which expire at the end of the 1998-99 season.
February 20, 1987 |
Yielding to complaints from broadcasters and some church leaders, Roman Catholic Church officials in Monterey on Thursday dropped a controversial plan to auction television rights for coverage of September's visit by Pope John Paul II. The Diocese of Monterey's offer to sell live coverage rights and favorable booth locations during the Pope's outdoor Mass had set off an uproar among broadcasters and unsettled national church leaders who are planning the Pope's nine-city tour.
September 11, 2003 |
A U.S. District Court judge ruled Wednesday that the city of Los Angeles violated the law when it gave Univision Communications Inc. special access to a Mexican Independence celebration from the steps of City Hall. In a 15-page ruling, Judge Audrey B. Collins ordered the city to give local stations owned by rival TV broadcaster Telemundo the same access to Monday's El Grito event. Univision owns the Los Angeles station KMEX-TV Channel 34.
July 3, 1990 |
NBC said Monday that it will not bid for U.S. television rights for the 1994 World Cup, the first world soccer championship to be played in the United States. Dick Ebersol, president of NBC Sports, also predicted that ABC and CBS would decline to bid for rights to the monthlong tournament. "Given the ratings, I don't think anyone will go for it," Ebersol said while at Wimbledon to watch the tennis championships.
November 30, 2001 |
ABC has acquired the television rights to "Harry Potter and the Sorcerer's Stone" and its first sequel from Warner Bros., in a deal estimated to be worth nearly $140million--an amount that could establish a new record, according to the companies and sources close to the deal. The Walt Disney Co.
June 27, 2011 |
The showdown has been brewing for months — now Frank McCourt and Major League Baseball will finally square off in a court of law with the future of the Dodgers at stake. The battle lines were drawn when the team filed for bankruptcy Monday and the beleaguered owner faces long odds, legal and sports business experts said. "To use sports parlance, this is a Hail Mary pass," said Marc Ganis, a sports consultant who acted as an advisor in the recent Chicago Cubs sale. "Hail Marys sometimes work, but very rarely.