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Report: NBA Third Media Rights Package Could Head to NBC, TNT or Court

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A report from Tom Friend of Sports Business Journal says while things are starting to become clearer on the first two media rights partnerships for the NBA, the third could come down to the way lawyers and courts interpret the matching rights Warner Bros. Discovery has in their current agreement.

Disney/ESPN is believed to be wrapping up a $2.6 billion per year agreement while Amazon is reportedly going to sign a deal priced at $1.8 billion annually. Both deals are expected to be for ten years. Friend’s report says his sources are saying NBCUniversal is in the driver’s seat with a $2.5 billion annual offer and that if Warner Bros. Discovery simply matches the money, the league will not see that as an equal match with NBC being an over-the-air network, something WBD does not have to offer. The report suggests WBD would have to overpay by as much as $300 million more per year for the league to see it as even.

“There’s no mystery to this,” the source told Friend. “It’s pretty blatant what’s happening. David Zaslav realizes he has to have this and doesn’t want to pay more than $2.5B. And Adam’s saying, honestly, it’s not matched at $2.5. And [Zaslav] goes, ‘Yes, it is,’ and they’re going back and forth.’ And so that’s where we are. How do you let [WBD] down? Is there a way? Or does Zaslav come up with more money? Because then it doesn’t have to be matching because David’s paid more.

“And that’s where we are. Adam’s trying to be nice to David right now until David backs off his dogs. He’s trying to help David save face.’’

Earlier this week, reports said Amazon is likely to end up with its own Saturday night slate of games as well as the NBA’s In-Season Tournament and the postseason play-in games, plus a conference finals series every other year as well as some additional playoff games in earlier rounds. Part of the Disney/ESPN package includes the NBA Finals each year of the agreement.

iHeartMedia Revenue Drops to Just Under $800 Million in First Quarter

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iHeartMedia released its first quarter results Thursday, and the company showed a slight decrease in overall revenue.

During the first three months of 2024, the company secured revenue of $799 million, which is down 1.5%. When excluding political revenue, the company saw a decline of 2.5% during the quarter.

While overall revenue was down, digital revenue was up 7% to $239 million. Specifically, podcast revenue was up 18% to $91 million during the quarter.

“Although the marketplace continues to be dynamic, we continue to see meaningful opportunities for growth in our businesses and we remain confident in 2024 as a recovery year,” said iHeartMedia Chairman and CEO Bob Pittman.

The company’s operating loss was down significantly compared year-over-year. In the first quarter of 2023, iHeartMedia lost $49 million. That figure dropped to $35 million during the first three months of 2024.

FanDuel TV Introduces New FAST Channel

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FanDuel TV has announced the launch of a new free ad-supported television (FAST) channel titled “FanDuel TV Extra.” The platform is now available on several streaming outlets, including Pluto TV, Xumo Play, The Roku Channel and Plex. Moreover, consumers can find the outlet utilizing the FanDuel TV+ OTT platform as well.

Programming on the FanDuel TV Extra FAST channel will contain a variety of live sports coverage, including horse racing, international baseball, international soccer and PokerStars events. The outlet states that it will air more live sports than any other FAST channel available that will make it “the premier destination for watch-and-wager programming.” FanDuel TV Extra will also contain episodes of original programming including Up & Adams and Run it Back, featuring personalities such as Kay Adams, Michelle Beadle, Shams Charania, Chandler Parsons and Lou Williams among others.

“Launching ‘FanDuel TV Extra’ was another important step in expanding distribution for FanDuel TV content and reaching new audiences,” Kevin Grigsby, executive producer and senior vice president of FanDuel TV, said in a statement. “Our research showed a large portion of our target audience already consume content on FAST. Airing over 12 hours of live sports a day that can be wagered on significantly differentiates our channel in the market and allows us to reach a new cohort of passionate sports fans and bettors. We plan on continuing to invest in the reach of ‘FanDuel TV Extra’ by adding it to other top FAST providers in the near future.”

Before FanDuel TV was established in September 2022, the channel was previously known as TVG and aired horse races from around the country. Since that time, it has established several original properties distributed digitally through a variety of outlets and has broadcast from major sporting events – such as the Kentucky Derby and Super Bowl Week.

FanDuel TV previously added Up & Adams to the Bleacher Report-branded sports tier on Warner Bros. Discovery’s Max streaming platform, which will soon be available in a bundle with Disney+ and Hulu. FanDuel’s parent company, Flutter Entertainment, has been listed on the New York Stock Exchange since late January.

Steak Shapiro: Pat McAfee ‘Blew Up the Way We Get Our Sports Conversation’

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Steak Shapiro and Sandra Golden talked about “the craft of sports entertainment” as part of their show, The Steakhouse, on 92.9 The Game in Atlanta. The conversation centered around some of the top ESPN talent and how the company has invested heavily in those who are, in a word, entertaining.

In setting up the segment, Shapiro said, “…What we do every day. Sandra and I have been doing it kind of our own way for a while and different from most any other show. And that’s how you distinguish yourself in a market and that’s how folks distinguish themselves at ESPN.”

Shapiro and Golden mostly focused on three individuals, Stephen A. Smith, Chris ‘Mad Dog’ Russo and Pat McAfee. Shapiro said Russo is “having a revitalization thanks to Stephen A. Smith and First Take,” before they played a clip or Russo being emphatically displeased with the roast Netflix aired with Tom Brady.

“So, he has his face right in the camera, he is going crazy like you hear him, he is performing,” Shapiro said. “So, he did his schtick, the definition of schtick…it’s all out there. The guy is in his 60’s. It’s not everybody’s cup of tea.”

The pair had a similar conversation as it related to Stephen A. Smith and a clip of his that went viral when he ranted about Kevin Durant. “It’s a performance,” Golden said. “These guys are the highest paid guys at the network for a reason…whether you hate them or love them you know them and you have an opinion about them. That’s a dream come true for a network.”

As the conversation turned to McAfee, Shapiro had plenty to say. “Pat McAfee went off on his own, streamed his show with eight of his buddies and basically blew up the way that we get our sports conversation. So much so that he had enormous offers coming his way and decided to go back to the stodgy, conservative old-school four-letter network…where he goes back to what is considered ‘corporate’ because they were going to give him access that nobody else could.

“”The GameDay set, and his own Pat McAfee simulcast. He gets him and his buddies, during the [college football] national title, get to stand on the sidelines with headsets and do their own show. That’s why he went back there. He doesn’t care if the 57-year-old dude that was around when ESPN hit the airwaves appreciates him sitting there with his shirt unbuttoned to his navel, carrying on and talking to guys in a certain vernacular that some folks don’t understand. It’s entertainment. I don’t need another guy to breakdown major league baseball for me or give me the analytics on the NBA playoffs. I don’t care and I am in the business.”

In the end, Shapiro said, “The key is going to be the entertainment. And there is a reason why Russo’s back. There’s a reason why McAfee and Stephen A. are the highest paid guys. Not to say Mina Kimes doesn’t work and that Scott Van Pelt is not awesome, but there’s a reason.”

Saga Communications Sees 2.5% Revenue Drop In First Quarter

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Saga Communications has announced its first quarter financial results, and like many other radio-focused groups, the company saw a decline during the first stretch of 2024.

During the first three months of the year, the company saw a revenue decline of 2.5%, dropping to $24.7 million compared to the $25.3 million it earned during the same period in 2023.

Operating losses were also up for the broadcaster, as it lost $2.4 million during the quarter. During the same time period last year, it lost $905,000.

Additionally, the company paid dividends of 25 cents per share during the quarter, amounting to approximately $1.6 million. Another variable dividend was paid on April 5th, with that garnering 60 cents per share, up to approximately $3.8 million.

In total, Saga Communications has paid more than $130 million in total dividends to shareholders since 2012.

‘Good Morning Football’ Extension Series to Be Syndicated by Fox Television Stations

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Sony Pictures Television has announced that Fox Television Stations will be the launch partner for the syndicated extension series of Good Morning Football from NFL Network. The program is moving to Los Angeles, Calif. ahead of the 2024 NFL regular season after broadcasting from New York City since its launch in 2016.

Concurrent with this move is an additional two hours containing news, interviews and discussion that will be licensed to the television stations to air during weekdays. NFL Network will continue airing the original two-hour version of the program amid other changes in its programming lineup. This addendum to the existing franchise will make its debut in broadcast syndication on Fox-owned television stations on Monday, Sept. 2 to begin the new NFL season.

“Football is a subject that fans around the country want to engage around – anytime, anywhere. And, in a competitive media landscape, it is a jewel that continues to attract a live audience, drawing record appointment viewing,” Flory Bramnick, executive vice president of distribution for Sony Pictures Television, said in a statement. “We’re excited to bring Good Morning Football to the syndication marketplace because it offers our buyers many benefits, from connecting their audience to the NFL and the #1 sport in the nation, to driving extraordinary advertiser appeal.”

Fox owns a variety of television stations in large markets across the United States, including New York, Los Angeles and Chicago, many of whom also have NFL franchises of their own. The show will retain host Jamie Erdahl after she announced that she would make the cross-country move to continue working on Good Morning Football. The futures of Peter Schrager, Kyle Brandt and Jason McCourty on the morning show have yet to be announced. NFL Network has studio facilities within the NFL Los Angeles building, which is located adjacent to SoFi Stadium, the home of the Los Angeles Chargers and Los Angeles Rams.

“Adding additional NFL based content to our lineups, this time on a Monday-Friday basis, makes too much sense for us not to do,” Frank Cicha, executive vice president of programming for Fox Television Stations, said in a statement. “The fact that GMFB is already a successful franchise enhances it even more.”

FOX Sports is entering the second year of an 11-year media rights agreement with the National Football League that will culminate in its presentation of Super Bowl LIX from New Orleans, La. This season of the NFL on FOX is expected to include the on-air debut of former NFL quarterback and seven-time Super Bowl champion Tom Brady as part of the lead NFL broadcast booth. Outside of the NFL, FOX Sports also broadcasts games and events within several other sports leagues, including Major League Baseball, the Big Ten Conference and NASCAR, along with daily talk programming on FS1.

RJ Choppy: Colin Cowherd is ‘America’s Favorite Idiot’

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RJ Choppy and Bobby Belt from 105.3 The Fan in Dallas spent time on the Shan & RJ Show talking about Colin Cowherd and a recent take he had on his FOX Sports Radio show The Herd with Colin Cowherd. The take had to do with ESPN basketball analyst JJ Redick and an episode of his new podcast with Lebron James, Mind the Game with LeBron James and JJ Redick.

It wasn’t anything Redick or James said, it was that Redick wore a backwards hat during the recording.

Choppy explains, “First, this is America’s favorite idiot, Colin Cowherd…JJ Redick has been an analyst, a player, he has a podcast, had a great sit down with LeBron…So, Colin is known for a couple of things, one is being wrong…I don’t believe in wrong opinions it’s his take, I just think his take is stupid.

“He has long had this take that he doesn’t want any quarterback to wear a backwards hat, ‘you’ll never be a famous quarterback’…Colin saw JJ Redick wear the backwards hat, and JJ’s name has been thrown around for head coaching opportunities and of course, Colin is at it again with the backwards hat stuff.”

Choppy plays the clip of Cowherd who said in part, “Don’t love the backward hat for JJ Redick…JJ Redick’s going for NBA head coaching jobs and looks like someone who is moving my couch.”

While acknowledging there are certain positions where one should not wear a backwards hat, such as President, Choppy said, “It’s just such a tired take, man.”

Belt asked, “Do you think Colin believes his take or do you think he has just turned this into such a bit at this point?” “I think it’s a bit at this point,” Choppy replied.

“I think he may have meant it at first and then just saw the reaction,” Belt said.

Choppy summarized, “I just think it’s tired. I think it’s a tired take and I’m kind of over it.”

Fox News Audio to Launch The Fox Business Rundown Podcast

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Fox News Audio has announced the debut of The Fox Business Rundown Podcast which launch on Monday, May 20th.

Anchors and correspondents like Taylor Riggs, Kelly O’Grady, and Lydia Hu will host the new offering. The program will be available Monday through Friday and will discuss the latest business headlines, trending topics, and economic policies.

The launch of The Fox Business Rundown Podcast coincides with the overwhelming success of The Fox News Rundown. That podcast, which is also available as a one-hour radio program on more than 100 affiliates nationwide, saw more than 35 million downloads and five million unique listeners.

Additionally, another podcast from the company — the Fox News Hourly Update — recently finished as the eighth-largest podcast by unique monthly audience in April, according to Podtrac.

Despite Revenue Drop, Townsquare Posts Profitable First Quarter

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Townsquare Media has released its first-quarter revenue results, and while there was a drop in that category, the company ultimately posted a strong profit during the quarter.

Overall, the company saw a revenue decline of 3.4%, down to $99.6 million from the $103.1 million it earned in the fourth quarter of 2023. Digital revenue accounted for 53% of the company’s quarterly revenue, with digital advertising seeing a 1.3% year-over-year growth.

Despite the slight revenue decline, Townsquare saw a quarterly profit of $1.6 million. That represents a complete turnaround from the same quarter in 2023, when the company saw a loss of $1.9 million.

“Our first quarter performance improved over the fourth quarter across each of our segments. Importantly, our Digital Advertising segment returned to revenue growth in the first quarter (+1.3% year-over-year), and our Townsquare Interactive segment achieved net subscriber growth and month-over-month revenue growth in March, a meaningful turning point for the business. In total, Digital represented 53% of Townsquare’s first quarter 2024 net revenue and Adjusted Operating Income,” said CEO Bill Wilson.

“Our performance and building momentum reinforces my confidence in our Digital First Local Media strategy, our focus on markets outside of the Top 50 U.S. cities, and our path moving forward. I am pleased to share that others share this view as well,” he continued.

ESPN Secures Media Rights for League One Volleyball

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League One Volleyball (LOVB), the leading brand in youth volleyball and soon-to-be professional league launching in the U.S., has signed a media rights deal with ESPN. This partnership will bring pro matches to viewers on ESPN’s various channels and digital platforms including ESPN, ESPN2, ESPNU, and ESPN+. This agreement highlights ESPN’s strong support for volleyball as it gains popularity and achieves record-breaking attendance numbers worldwide.

“LOVB has set out on an ambitious path to develop volleyball into the next major American sports league, and we could not think of a better media company to have in this journey than ESPN,” said Rosie Spaulding, COO of LOVB Pro in a release. “With the championship-caliber of our athletes and the level of their play, we believe the sport of professional volleyball will capture the attention and excitement of sports fans across the United States, and we can’t wait to work with ESPN to introduce the next generation of superstar athletes and everything the sport has to offer to today’s passionate fans and tomorrow’s new ones.”

As part of the new agreement, ESPN will broadcast 10 LOVB Pro matches on its linear networks starting in January 2025, coinciding with the inaugural season of LOVB. Additionally, 18 of LOVB’s matches will be available for streaming on ESPN+. Every match broadcast will also feature commercials for LOVB, providing an opportunity for brands to reach the fervent volleyball fanbase across all ESPN platforms.

“As our coverage of collegiate volleyball continues to evolve, LOVB provides a great professional complement for those athletes and others to continue their careers and our coverage of both them and the sport,” said Daniel Margulis, Senior Director of Programming and Acquisitions at ESPN in a release. “We feel their growth model is an excellent one and are excited to partner with this great organization.”