MLB To Formally Announce Rights Extensions With Fox, Turner
MLB has scheduled a press conference for 12:00pm ET today to officially announce its media rights extensions with Fox and Turner, worth $6.8B over eight years. MLB Commissioner Bud Selig, Turner President of Sales, Distribution & Sports David Levy and Fox Sports co-Presidents & co-COOs Randy Freer and Eric Shanks will be on the conference call. As part of the new deals, Fox will average $525M per year for its package, which includes the World Series, All-Star Game, one LCS and two LDS. Turner will average $325M a year for its package that includes one LCS, two LDS, 13 regular-season, exclusive Sunday afternoon games and more digital rights.
Including the $700M-per-year deal that ESPN signed in August, MLB will make $12.4B from its media rights over eight years, more than doubling its annual media rights haul to $1.55B. MLB Network will pick up at least two games from Fox' LDS package. Sources said MLB Net will pay Fox $30M per year for those games.