FOX rumoured to be willing to spend $6B for Dodgers TV rights
Michelle Clancy | 26-11-2012
FOX Sports is willing to spend at least $6 billion to keep the local television rights to broadcast LA Dodgers games for 25 seasons, the LA Times is reporting.
Citing three parties familiar with the negotiations, the paper said that the deal is in a phase of ongoing negotiations. The $6 billion represents 20 times the value of the team's existing $350 million contract with FOX.
If the parties don't come to an agreement by the end of the week, the Dodgers can make an offer to FOX, which the network can accept or reject within 30 days. If it rejects the offer, the team is then free to pursue alternate distribution with Time Warner Cable SportsNet, the recently launched regional sports network that has the rights to the Lakers and Galaxy. However, Time Warner paid about $3 billion for a 20-year contract with the Lakers—making it somewhat of a question whether the $6 billion price tag is too high for the fledgling network's blood.