The new deal

Published: 2 December 1999 y., Thursday
CBS_s blockbuster deal with the National Collegiate Athletic Association could also be a windfall for SportsLine USA, an online sports news web site partially owned by CBS, through lucrative e-commerce deals. CBS Sports, a division of CBS, Thursday signed a $6 billion, 11-year deal with the NCAA giving the network exclusive rights to broadcast the hugely popular NCAA college basketball championship tournament. The deal, worth about $545 million annually, gives the network all television rights, including over-the-air broadcasting, cable television, satellite, digital and home video, the company said. CBS also acquired the rights for all content relating to these events on the Internet, including rights related to electronic commerce, and the rights to develop various NCAA- related web sites. The deal also gives SportsLine, of which CBS holds a 20 percent stake, a tremendous boost, analysts said. SportsLine is currently duking it out with Disney_s ESPN.com to be the leading provider of sports content on the Internet. SportsLine also provides sports content for America Online. The obvious benefit for SportsLine is that the new deal extends its exclusive coverage of the NCAA tournament which was set to expire in 2002. But the potential for broadband content and e-commerce may prove beneficial. The new deal is effective beginning in 2003.
Šaltinis: Winfiles.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

New service

Austrians can use mobiles to monitor Czech, Slovak radiation more »

Antivirus companies consider 'Coronex' a low threat

New e-mail worm exploits SARS anxiety more »

First Ever Linux Summit In Finland A Success

The Linux Summit 2003, arranged by SOT in co-operation with HP, Oracle and F-Secure was a declared a success for both organizers and attendees more »

ITAA Calls for Cybersecurity Czar

The Information Technology Association of America is calling for the appointment of a "cyber czar" in the wake of the resignations of key White House cybersecurity advisors more »

search.lt news

search.lt presents newest links more »

Estonia Blazes Internet Trail Back

Banking is actually booming in Estonia - via Internet more »

Poland snubs EU by buying US fighter jets

The $6.2b deal with Lockheed sparks outcry from not just European governments but also American unions more »

search.lt news

search.lt presents newest links more »

IBM Plans Sneak Attack On Microsoft Office

There will soon be another entrant in the lopsided Office wars more »

What Windows Server 2003 Will Mean for IT

There will be performance improvements and cool features in Microsoft's new server, but if an enterprise is a volume licensing customer or an NT 4.0 shop, the choice to upgrade may be no choice at all more »