Davis Gives ESPN Its Best LLWS Overnight Ever MLB.TV Blackouts Could Be Lifted By '15 SEC Network Lands Carriage Deal With Verizon FiOS Bruins Eye Corporate Events At New Facility Media Notes Davis Becomes First Little Leaguer On SI Cover Charles Wang Agrees To Sell Stake In Islanders MAC, ESPN Reach 13-Year TV Deal Syracuse, IMG Renew Multimedia Rights Deal Minding My Business: NHL Kings' Aaron Brenner
Upcoming Conferences and Events
SBD/January 30, 2014/Media
New Local, National Media Deals Could Help Senators Invest More In On-Ice Product
Published January 30, 2014
ON-ICE INVESTMENT? In Ottawa, James Bagnall writes the deals will "almost certainly allow Melnyk to close a long-running gap between the operation’s revenues and costs." Melnyk, since acquiring the team and arena in '03, "has suffered a cumulative cash drain" of US$110M. Melnyk said of the broadcast deals, "This puts us on a solid footing. We are going to be competitive in spending on players." However, Melnyk also "made it clear" that, despite the extra broadcasting revenues, he "does not intend to shell out the maximum permitted under salary cap rules." He said, "We’re still going to spend wisely" (OTTAWA CITIZEN, 1/30).