Panel Wants To Reduce Funding For Vegas Stadium Excel Sports Reps Six First-Round Picks NBA Draft Overnight Lowest Since '12 Reviews Continue To Pour In For Simmons' Show 76ers Excited For Ben Simmons ESPN Public Editor Examines Use Of Virtual 3 NBA Draftees Show Off Fashion Choices NBA Finals Generated $164.4M In TV Ad Revenue Falcons' McKay Confirms $200M Changes To Stadium U.S. Open Four-Day Average Lowest Yet
Published September 28, 1995
ESPN Radio "has secured the rights to the NBA broadcasts," according to this morning's BOSTON GLOBE. In previous years, the NBA has handled radio in-house then sold broadcast to individual stations. Sources at ESPN said no decisions have been made on announcers (BOSTON GLOBE, 9/28). ....Rupert Murdoch's family stake in News Corp. has dropped from 32.63% to 30.89%, a reflection of the company's rapid expansion and increase in equity capital since '93 (REUTERS/ DAILY VARIETY, 9/28)....Bankers and analysts believe that the Turner-Time Warner deal won't be closed until June or July of next year due to the "rigorous scrutiny" expected from federal regulators (N.Y. POST, 9/28)....Ted Turner's five-year compensation package under the deal is said to be in excess of $100M (N.Y. TIMES, 9/28)....In examining the Turner/Time-Warner merger, "Moneyline" noted CBS or NBC could join in a "Time-Warner alliance" to bid for sports "mega-programming" like the NFL. CNN's Steve Young noted the idea would be that the networks "share the costs, multiply the viewing audience, and most of all, out-race" Murdoch's News Corp. (CNN, 9/27)....Fox and Don King have announced formal plans to return boxing to free TV on a regular basis. A to-be-titled monthly boxing series will premiere January 27 and continue with fights on the last Saturday of each month throughout '96 (Fox)....Microsoft and Visa proposed an industry software standard for on-line payments and transactions (N.Y. TIMES, 9/28)....Marketing plans for the upcoming MCI/News Corp. Internet-based online service will tap Fox's appeal to young audiences as they prepare for a November roll-out (BRANDWEEK, 9/25 issue).