💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Report: CBS, NBC, Fox bid for Thursday NFL games

Published 01/22/2018, 01:31 PM
© Reuters.  Report: CBS, NBC, Fox bid for Thursday NFL games
DIS
-
CMCSA
-
TFCF
-
CBS_old
-
TWX
-
TFCFA
-
META
-
  • This year's Thursday-night football TV rights holders CBS (CBS -0.7%) and NBC (CMCSA +0.7%) were two of the three companies to bid for Thursdays in 2018, Sports Business Daily reports.
  • They were joined only by Fox (FOX +1.8%, FOXA +1.7%) in a year expected to see a decline in the fees paid. Last week, Facebook (FB +1.6%) elected to sit out bidding for streaming rights.
  • CBS and NBC reportedly submitted bids less than they paid for 2017 (a combined $450M) after losing money on the deal this year amid waning advertiser interest.
  • Meanwhile, the programming could change homes as Fox is reported to have put in a higher-than-current bid.
  • Skipping out on Thursday NFL TV bidding: ESPN/ABC (DIS +0.4%) and (for the first time) Turner (TWX +0.2%) -- though the NFL has made it clear it won't sell Thursdays to a cable channel.
  • Now read: Facebook: Short-Term Pain For Long-Term Gain


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.