CSN Houston Sale Would Affect 75 Jobs CBS Nixes Rihanna From "TNF" Opening Francesa Claims CBS Threatened Lawsuit Media Notes "MNF" Overnight Down Despite Late Win ESPN.com Set To Unveil Site Redesign Sources: Epix Producing Winter Classic Series Dodgers To Air Final Six Games For Free Phillies Extend Radio Deal With CBS App Review: CBS Sports Fantasy For iPhone
Upcoming Conferences and Events
FOX AND TCI READY TO ANNOUNCE CABLE COMPETITOR TO ESPN
Published October 31, 1995
Fox Broadcasting and Tele-Communications Inc. are expected to announce a new joint cable sports venture as early as this week, according to reports in this morning's L.A. TIMES and N.Y. TIMES. In L.A., Sallie Hofmeister sees it as a "challenge" to ESPN. Hofmeister reports, as part of the agreement, Fox would take a "substantial equity stake" in Liberty Media, TCI's programming arm which has interests in numerous regional sports networks. For Fox, a strong cable outlet gives them "leverage in bidding for sports rights against the three stronger networks," especially ABC -- sister network to ESPN. For Liberty, Fox "brings financial firepower to its longstanding ambition to use its far-flung regional networks to take on ESPN." Questions still remain on the relationship between Liberty and Cablevision, which jointly operate some SportsChannel RSNs, including New York, and on the local-national split of coverage on a new network. Hofmeister reports, "Sources close to the company [Liberty] say those questions are still being worked out, as is the configuration of the partnership" (L.A. TIMES, 10/31). In New York, Geraldine Fabrikant notes that Cablevision Chair Charles Dolan "has shown no interest in joining the merger" -- which could become a "particularly sticky point." However, one exec familiar with the talks said there were still hopes Dolan would join (N.Y. TIMES, 10/31).