"NBA signs TV deals with ESPN and TNT" by Rachel Cohen | Associated Press October 07, 2014
I rarely watch pro basketball. I find it boring.
NEW YORK — The NBA and its television partners couldn’t wait to extend their contracts.
The league renewed its deals with ESPN and TNT even though two seasons remain on the old ones. With potential competition from Fox looming, both networks were willing to pay generously to secure the rights long term.
The NBA’s annual revenue from the agreements will increase from $930 million to more than $2.6 billion, according to a person familiar with the terms. The person spoke on condition of anonymity because the league did not announce financial figures.
‘‘We ultimately made a decision that this was the right time to go,’’ Commissioner Adam Silver said at a news conference on Monday. ‘‘These are extraordinarily healthy deals, financially.’’
The 1% have so much money they don't know what to do with it all, and thus they are pouring it into more breads and circuses for the masses.
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What was painful to imagine for both companies was life without the NBA.
Oh, puke.
‘‘Each year the playoffs help TNT win nights of television during all-important May sweeps,’’ said David Levy, the president of Turner Broadcasting System.
If I didn't know better....
The basics won’t change: The NBA Finals remain on ABC, ESPN’s broadcast partner.
ESPN/ABC and TNT will continue to split the conference finals.
Broadcasting rights fees have been skyrocketing across all sports as live events become increasingly valuable to advertisers.
‘‘There’s never been a better time to be an owner of an NBA franchise — or, frankly, any professional sports team,’’ said Washington Wizards owner Ted Leonsis, chairman of the league’s media committee.
Players may remember that comment when they negotiate the next collective bargaining agreement with owners, which could happen in 2017. Owners insisted they needed a new financial structure during the 2011 talks and emerged with a deal that slashed the players’ guarantee of basketball revenues.
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Look who is getting cut from the team:
"Turner Broadcasting cutting 1,475 jobs" AP October 07, 2014
Must be the salary cap.
Is there also a profit cap?
NEW YORK — Turner Broadcasting, parent of the CNN, TBS, and TNT networks, is eliminating 1,475 jobs, or about 10 percent of its total employees.
Monday’s announcement followed buyouts offered to 600 veteran employees in August, part of a cost-cutting effort at the Atlanta-based broadcasting company founded by Ted Turner. The restructuring includes cutting jobs, eliminating unfilled positions, and voluntary departures.
The cuts affect the news, entertainment, sports, and business units as well as corporate positions. The company also plans to add about 150 positions in areas of investment and growth.
CNN has struggled to find a programming strategy as it competes with cable news rivals Fox News and MSNBC.
When you shovel $hit lies to people they turn out not to like it, but does the propaganda pre$$ learn? No, they are too far gone and controlled by there owners!
And TNT and TBS, which once relied heavily on reruns, are under increased pressure to create more original programming.
First of all, I don't like any of the garbage trolled out by television studios these days, and I'm sick to death of Seinfeld and Big Bang reruns along with Law and Order and all the other crap presented to us on a daily basis.
Turner Broadcasting System, which also owns The Cartoon Network, HLN, TruTV, and Turner Classic Movies, is a unit of Time Warner Inc., the company behind HBO and Warner Bros. studios.
Even the movies start to stale after a while. I suppose I'm only tired of being propagandized by Jewish supremacism.
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As for Turner, the behind-the-scenes story is he was forced out by the agents of Judaism.
Turner, of course, is not Jewish, although he is a globalist proponent of population control and thus in on the Jew World Order plan.
But why bother pondering that? The game is on!
