Local rights for NBA, NHL, and MLB games ignite TV battle

Local rights for NBA, NHL, and MLB games ignite TV battle


Christian Petersen | Getty Images Sport | Getty Images

Tensions are ​building ⁤among ⁢broadcast station owners and pay ​TV providers as the local rights to air NBA, NHL and MLB games ‌go up for​ grabs.

Broadcast station owners including E.W. Scripps Co.,​ Gray Television, Nexstar Media Group and Sinclair have ​been in discussions with ‍leagues and teams⁤ about potential deals to carry games on free over-the-air channels,​ according to people familiar with the matter, as long-held media⁢ rights for teams on regional ‍sports networks unravel.

Regional sports networks‍ have owned almost all local sports‍ rights for decades, but their viability is ⁣in doubt after tens of millions of Americans have been canceling​ cable TV in recent years. A shift to a model⁣ revolving around ​broadcast stations‍ and direct-to-consumer ‍streaming would​ upend the business that saw​ teams and leagues reap hefty fees. It ⁣would ‌also boost broadcast station owners leverage​ in carriage negotiations — and​ potentially accelerate…

2023-08-11 ⁢09:40:31
Post from www.cnbc.com
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