[Devils-list] New network
Rick Berk
rick@rickberk.com
Wed, 20 Jun 2001 20:36:36 -0400
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I wonder what the chances are that they buy back the Devils rights as well,
seeing as how their deal runs for "several years", and I don't think a
sports network with just one pro team really cuts it. If this happens, we'd
likely see the end of the damn Metrohide games...
Rick
-----Original Message-----
From: devils-list-admin@badweb.com [mailto:devils-list-admin@badweb.com]On
Behalf Of John Zellers
Sent: Wednesday, June 20, 2001 8:41 PM
To: devils-list@badweb.com
Subject: [Devils-list] New network
I don't know if this was posted already.
- z
Yankees decide to form own TV network
By RONALD BLUM
AP Sports Writer
June 20, 2001
NEW YORK (AP) -- The New York Yankees decided Wednesday to form their own
television network starting next year.
Two days before a deadline, the team elected to pay Cablevision Systems
Corp. $30 million to regain TV rights for 2002, an official familiar with
the team's deliberations told The Associated Press, speaking on the
condition he not be identified.
Under a deal agreed to in April, the Yankees will give Cablevision, the
parent company of the Madison Square Garden Network, $5 million on Friday,
$13 million on Oct. 1 and $12 million on Dec. 1 to reacquire the TV rights
to 85 games next season.
``MSG is pleased that its contract with the Yankees provided it with
protection for this eventuality and that the YankeeNets agreed to pay MSG
$30 million,'' Seth Abraham, president of MSG and Radio City Entertainment,
said in a statement.
The Yankees already owned the rights to 65 of their games, and Wednesday's
decision gives them all 150 games that are not televised nationally by Fox
or ESPN, major league baseball's TV partners.
Yankees games will be the backbone of a network that eventually will
include the NBA's New Jersey Nets and the NHL's New Jersey Devils, who like
the Yankees are controlled by YankeeNets.
The Nets' current deal with Fox Sports New York, which like the MSG
Network is owned by Cablevision Systems Corp., expires after the 2001-02
season, while the Devils' deal runs for several more years.
The Yankees are negotiating with many broadcast companies to become
co-owners of the new network, but haven't picked any yet, the official said.
MSG, the Yankees' primary broadcast outlet since 1989, sued the team last
summer and got an injunction that blocked the team from forming a network
with the International Management Group's Trans World International
subsidiary. While the suit dragged on, the sides agreed to a $52 million,
one-year extension for 2001.
--Boundary_(ID_4NYWnTYgB3xO8fJ60NxlFw)
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<DIV><SPAN class=685343500-21062001><FONT face=Arial color=#0000ff size=2>I
wonder what the chances are that they buy back the Devils rights as well, seeing
as how their deal runs for "several years", and I don't think a sports network
with just one pro team really cuts it. If this happens, we'd likely see
the end of the damn Metrohide games...</FONT></SPAN></DIV>
<DIV><SPAN class=685343500-21062001><FONT face=Arial color=#0000ff
size=2>Rick</FONT></SPAN></DIV>
<DIV><SPAN class=685343500-21062001></SPAN> </DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid; MARGIN-RIGHT: 0px">
<DIV class=OutlookMessageHeader dir=ltr align=left><FONT face=Tahoma
size=2>-----Original Message-----<BR><B>From:</B> devils-list-admin@badweb.com
[mailto:devils-list-admin@badweb.com]<B>On Behalf Of </B>John
Zellers<BR><B>Sent:</B> Wednesday, June 20, 2001 8:41 PM<BR><B>To:</B>
devils-list@badweb.com<BR><B>Subject:</B> [Devils-list] New
network<BR><BR></FONT></DIV>
<DIV><FONT face=arial,helvetica><FONT lang=0 face=Arial
FAMILY="SANSSERIF"><FONT size=2>I don't know if this was posted
already.</FONT></FONT></FONT></DIV>
<DIV><FONT face=arial,helvetica><FONT lang=0 face=Arial
FAMILY="SANSSERIF"><FONT size=2></FONT></FONT></FONT> </DIV>
<DIV><FONT face=arial,helvetica><FONT lang=0 face=Arial
FAMILY="SANSSERIF"><FONT size=2>- z</FONT></FONT></FONT></DIV>
<DIV><FONT face=arial,helvetica><FONT lang=0 face=Arial
FAMILY="SANSSERIF"><FONT size=2></FONT></FONT></FONT> </DIV>
<DIV><FONT face=arial,helvetica><FONT lang=0 face=Arial
FAMILY="SANSSERIF"><STRONG><FONT face="Times New Roman" size=4>Yankees decide
to form own TV network </FONT></STRONG>
<P><SMALL>By RONALD BLUM<BR>AP Sports Writer <BR>June 20, 2001 </SMALL>
<P>
<P>NEW YORK (AP) -- The <A href="http://sports.yahoo.com/mlb/teams/nyy/">New
York Yankees</A> decided Wednesday to form their own television network
starting next year.
<P>Two days before a deadline, the team elected to pay Cablevision Systems
Corp. $30 million to regain TV rights for 2002, an official familiar with the
team's deliberations told The Associated Press, speaking on the condition he
not be identified.
<P>Under a deal agreed to in April, the Yankees will give Cablevision, the
parent company of the Madison Square Garden Network, $5 million on Friday, $13
million on Oct. 1 and $12 million on Dec. 1 to reacquire the TV rights to 85
games next season.
<P>``MSG is pleased that its contract with the Yankees provided it with
protection for this eventuality and that the YankeeNets agreed to pay MSG $30
million,'' Seth Abraham, president of MSG and Radio City Entertainment, said
in a statement.
<P>The Yankees already owned the rights to 65 of their games, and Wednesday's
decision gives them all 150 games that are not televised nationally by Fox or
ESPN, major league baseball's TV partners.
<P>Yankees games will be the backbone of a network that eventually will
include the NBA's <A href="http://sports.yahoo.com/nba/teams/njn/">New Jersey
Nets</A> and the NHL's <A href="http://sports.yahoo.com/nhl/teams/njd/">New
Jersey Devils</A>, who like the Yankees are controlled by YankeeNets.
<P>The Nets' current deal with Fox Sports New York, which like the MSG Network
is owned by Cablevision Systems Corp., expires after the 2001-02 season, while
the Devils' deal runs for several more years.
<P>The Yankees are negotiating with many broadcast companies to become
co-owners of the new network, but haven't picked any yet, the official said.
<P>MSG, the Yankees' primary broadcast outlet since 1989, sued the team last
summer and got an injunction that blocked the team from forming a network with
the International Management Group's Trans World International subsidiary.
While the suit dragged on, the sides agreed to a $52 million, one-year
extension for 2001. </P>
<P> </P></DIV></BLOCKQUOTE></FONT></FONT></BODY></HTML>
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