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Big Ten could reap $2.8B from network deal
News Corp. projects that the Big Ten Network could pay $2.8 billion to the Big Ten Conference over the 25-year life of its deal to operate the channel, according to the media company?s most recent 10-Q federal filing, which provided the first glimpse of its agreement with the conference.
The Rupert Murdoch-owned News Corp. has a 20-year contract with the Big Ten, with an option for five more years.
The total payout over the term of the 25-year agreement is based on profit projections by News Corp., and the money distributed to the schools on the front end will be significantly less than the average over the life of the deal.
Entire article: Big Ten could reap $2.8B from network deal
News Corp. projects that the Big Ten Network could pay $2.8 billion to the Big Ten Conference over the 25-year life of its deal to operate the channel, according to the media company?s most recent 10-Q federal filing, which provided the first glimpse of its agreement with the conference.
The Rupert Murdoch-owned News Corp. has a 20-year contract with the Big Ten, with an option for five more years.
The total payout over the term of the 25-year agreement is based on profit projections by News Corp., and the money distributed to the schools on the front end will be significantly less than the average over the life of the deal.
Entire article: Big Ten could reap $2.8B from network deal
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