Menu
Media

NBC Sports Group Officially Announces Move To Connecticut With Tax Incentives

Connecticut Gov. Dannel Malloy yesterday officially announced a $100M deal with NBC Sports Group, which “plans to bring about 450 permanent jobs to the city as part of the state's ‘First Five’ economic development program,” according to Kate King of the STAMFORD ADVOCATE. In addition to “being eligible for tax credits -- 30 percent on production, 20 percent on infrastructure -- the state has agreed to grant NBC a 10-year, $20 million loan at an interest rate of 1 percent.” The agreement will bring NBC Sports to Stamford in addition to “other elements of the network that were part of Comcast's takeover earlier this year.” The 32-acre site is “to house NBC Sports, NBC Olympics, NBC Sports Digital, Versus ... and the Comcast Sports Management Group, which oversees the NBC Sports Group's 11 regional networks.” NBC Sports Group Chair Mark Lazarus said that the network will “produce its college football, Olympic and Indy Car coverage out of Stamford as well as ‘daily relevance’ talk shows.” The NHL Network will also “build studio space on the property that will house most of the network's personnel and create additional jobs that are not included in the 450 figure.” Lazarus said that NBC Sports Group “plans to begin operating in Stamford by the start of next year's NHL season.” NBC's $20M loan is “forgivable on the condition NBC achieves certain hiring benchmarks” (STAMFORD ADVOCATE, 10/26). Lazarus said that the company “is creating one 32-acre site, allowing it to build numerous studios and plan for growth” (AP, 10/25). DAILY VARIETY’s Sam Thielman noted NBC’s "Football Night in America" and “salespeople working with the Madison Avenue-based industry” will remain in N.Y. (VARIETY.com, 10/25). Golf Channel “will remain in Orlando” (HARTFORD COURANT, 10/26).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2011/10/26/Media/NBC-Conn.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2011/10/26/Media/NBC-Conn.aspx

CLOSE