1 Total Update since May 3, 2011
about 2 years ago Update 0 comments
The Pac-12 Conference announced its massive new media deal Wednesday morning, what commissioner Larry Scott termed a "landmark deal." The deal is worth a reported $3 billion over 12 years, an average of nearly $21 million per school per year, and will begin in 2012-2013. In addition to showing games on various networks of ESPN and Fox, the conference created Pac-12 Media Enterprises, which owns the new Pac-12 Network, the Pac-12 Digital Network, and Pac-12 Properties.
"We are especially delighted to be strengthening and expanding our relationship with ESPN and FOX Sports to deliver an unprecedented level of innovative sports programming to large national audiences across the country. With this agreement, we will deliver our events over two broadcast networks and at least five premiere national cable platforms," Scott said. "In addition, we will have our own Pac-12 National Cable TV platform and Pac-12 Digital Network platform."
Here are some details of the deal, which begins in 2012:
For more Pac-12 news with a local flavor, be sure to read the SB Nation blogs for both USC (Conquest Chronicles) and UCLA (Bruins Nation).
about 2 years ago Update 0 comments
The Pac-10 Conference, which will officially become the Pac-12 on July 1 with the addition of schools Colorado and Utah, has more than doubled its television revenue. The conference will announce on Wednesday a new deal to create its own network, but also show the majority of its football and basketball games on ESPN and Fox. The deal will be worth a reported $3 billion over 12 years, or $250 million per year, an average of $20.8 million per school annually. Richard Sandomir of the New York Times has the details:
Games will be carried on two broadcast networks — Fox and ABC — and five cable channels — ESPN, ESPN2, ESPNU, FX and Fox Sports Net. Fox and ESPN will rotate coverage of the conference’s football championship game and its basketball tournament.
The Pac-10’s new channel will carry at least 350 sports events. The conference is also creating a digital channel, like ESPN3, to carry at least 500 events annually, and a properties division to handle sponsorships.
Sandomir also reported that the Pac-12 will retain full ownership of the network, unlike the Big Ten Network, of which Fox owns 49%. Conference commissioner Larry Scott is expected to make the announcement on Wednesday. The new television contract will begin in 2012-2013.
For more Pac-12 news with a local flavor, be sure to read the SB Nation blogs for both USC (Conquest Chronicles) and UCLA (Bruins Nation).