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SBD/Issue 238/Sports Media
Tennis Channel Sends New, Scaled-Back Proposal To Cablevision
Published August 28, 2009
|Solomon Says Cablevision Has
Yet To Respond To New Proposal
IMPROVING THEIR SWING: In L.A., Meg James notes Tennis Channel has "burned through $100[M]" since its launch in '03, but in the last two years the net has "dramatically raised its profile, and its ratings, with live matches from major tournaments." SNL Kagan estimated that Tennis Channel will "lose $1.5[M] this year on $61[M] in revenue." Cablevision BOD member and former Viacom CEO Frank Biondi Jr., who "recused himself from Cablevision's Tennis Channel dealings," said of the net, "It's the classic story: Entrepreneurs come in with an idea, they get funding, find initial success, and then a professional management team comes in and takes it to the next level" (L.A. TIMES, 8/28).