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Closing Bell

Turner Pulls Out Of Bidding For NHL's Next TV Rights Deal

Turner has pulled out of the bidding for the NHL's TV rights, leaving Comcast and ESPN as the two remaining bidders. "We are disciplined in our approach to negotiating sports rights and are committed to providing quality programming that matters to our audience, advertisers and distribution partners," said Turner President of Sales, Distribution & Sports David Levy. "We think the NHL is an attractive property, but we could not come up with a business model that served our interests." Fox earlier decided not to bid on the rights, sources said.

The competition had pushed the league's rights fees to more than $200M per year, nearly triple the $77.5M Versus currently pays. NBC and Versus hold a significant advantage over ESPN in that their current contracts give them the right to match other offers the NHL gets, sources said.

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.

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