During its quarterly conference call with analysts and investors, executives at News Corp. discussed the fact that the Los Angeles Dodgers broadcast rights are on their way to a rival, and will not be part of the Fox regional sports empire. But News Corp. isn’t sweating it.
COO Chase Carey told those assembled that the reported $8B price tag Time Warner Cable is paying for 25 years of Dodger baseball was too steep, according to The Wrap. The situation is a more-expensive repeat of a couple of years back when TWC also wrested away the rights to the basketball Los Angeles Lakers for an estimated $3B.
Carey suggested there are more important things than sports rights, such as the ability to make a profit, and noted that Fox’s regional sports channels were positioned to do just that.
He also noted that three other Los Angeles sports franchises – the Angels, Kings and Clippers – remain in the Fox stable and maintain a strong presence in the important DMA.