Fox sheds no tears over loss of Dodgers


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.