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SBD/April 22, 2011/Media
Fox Gave McCourt $30M Loan After Learning He Had Approached Time Warner
Published April 22, 2011
MASTER PLAN: The WALL STREET JOURNAL's Matthew Futterman reports "for months a new deal for the TV rights has been a key element of Mr. McCourt's plans to keep control of the team, despite mounting debts, an embarrassing and expensive divorce case and recent concerns over security at Dodger Stadium, all of which have brought increased scrutiny of his oversight of the team." At the same time, Fox officials indicated that "maintaining the rights to televise Dodger games ... has become increasingly urgent within Fox." Analysts value Fox's Southern California RSNs "at more than $1 billion." A Fox spokesperson said in a statement Thursday, "We want to be a part of the solution. A financially stable Dodgers team is good for fans, good for Major League Baseball, and good for Fox" (WALL STREET JOURNAL, 4/22).