December 1, 2012 |
The new owners of the Dodgers are expected to get $6-billion-plus for the TV rights to their team's games. That may be a big win for the home team, but consumers won't be doing high-fives once they see their pay-TV bills. The average household already spends about $90 a month for cable or satellite TV, and nearly half of that amount pays for the sports channels packaged into most services. Massive deals for marquee sports franchises like the Dodgers and Lakers are driving those costs even higher.
October 1, 2012 |
On Monday night, a star-studded lineup that includes Kobe Bryant, Steve Nash, David Beckham and Landon Donovan will gather in El Segundo to celebrate Time Warner Cable's new regional sports channels SportsNet and Deportes, which go live at 7 p.m. It probably won't take too long for Time Warner Cable executives to flip the switch on the channels -- which will carry the Lakers and the Galaxy -- since so far its cable systems are the only ones carrying...
June 4, 2012 |
It was the night when a population that has spent 45 years begging and pleading for sports' most enduring trophy felt comfortable enough to loudly demand it. "We ... want ... the ... Cup," rang the chant at Staples Center, washing over nearly 20,000 black sweaters, rising into rafters stocked with the silver streamers that would soon engulf them. It was the night when a population that has spent 45 years on the fringes of the Los Angeles sports community stormed the landscape with glow sticks flashing, towels waving, a celebratory cry accompanying them to the threshold of a championship.
April 6, 2012 |
The purchase agreement between Frank McCourt and Guggenheim Baseball for the Dodgers, filed in U.S. Bankruptcy Court Friday afternoon, failed to answer two big questions: What McCourt's future involvement with the team and property might be; and where exactly is the new owner's money coming from. Guggenheim is paying $1,587,798,000 in cash and assuming debts of no more than $412,200,000 to buy the Dodgers from Frank McCourt, according to documents filed. However, Mark Walter, who is designated as "the MLB Control Person" with respect to the team, is the only buyer named in the document.
March 29, 2012 |
This post has been corrected, as indicated below. It looks like all pay-TV customers in the greater Los Angeles area will be footing part of the bill for removing Frank McCourt from the owners' box at Dodgers Stadium. With Fox Sports West, Time Warner Cable and local stations all competing for the right to broadcast Dodgers games starting in 2014, the odds are good that the team will be able to extract the kind of multibillion-dollar deal that the Lakers reportedly negotiated with Warner last year.
March 28, 2012 |
People who study the business of sports are, at the very least, mildly surprised by the price the Dodgers fetched on the auction block. The experts had predicted something in the range of $1.3 billion to $1.6 billion. They were taken aback to read the headlines Wednesday morning announcing that a group led by Magic Johnson had paid $2 billion. "It's a lot more than I expected," said Andrew Zimbalist, a Smith College economics professor and author of "Baseball and Billions.