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SBD/February 7, 2013/Media
News Corp. COO Chase Carey Discusses Sports Rights; Calls Dodgers Deal "Too Rich"
Published February 7, 2013
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ACROSS THE POND: News Corp. execs said the company will "stay the course" with its 39.1% stake in BSkyB. However, Carey indicated that the company "was still looking at the long-term case for either selling the stake or trying again to take full control, after abandoning bid plans in the wake of the UK phone hacking scandal” (FINANCIAL TIMES, 2/7).
TURNER PACES TIME WARNER: Time Warner said that an “increase in advertising revenue and subscription fees paid by cable and satellite companies" to carry channels like TNT and TBS “helped lift net income" in Q4 to $1.17B, up from $773M. The N.Y. TIMES’ Chozick reported subscription and advertising revenues at Time Warner's “suite of cable channels" grew 7% and 3%, respectively, in the quarter, "compared with last year.” An increase in the number of NBA games on Turner channels, as well as “coverage of the presidential election on CNN, led to higher ratings” (NYTIMES.com, 2/6). Time Warner Chair & CEO Jeff Bewkes said Turner has “the strongest lineup of national sports rights than any other network other than ESPN.” However, CABLEFAX DAILY reports “launching a dedicated sports channel isn’t in the cards.” Bewkes: “We are focused on having the right sports” (CABLEFAX DAILY, 2/7).