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

India Shuts Down Net Access In Kashmir, Says Pakistan

The Pakistan government claims India has shut down local Internet access in the troubled region of Kashmir and is policing Internet cafes in an effort to restrict communications between Pakistan and Kashmir. more »

US man sued for Extreme share ramp scam

A US man is being sued for allegedly posting a misleading financial information on Yahoo's! Finance bulletin board last October. more »

CIA-backed analysis tool eyed for passenger checks

Reservations company hopes technology can help identify suspected terrorists more »

IBM Finds New Profit in Recycling Old Computers

As leasing increases, company boosts earnings by giving second life to used PCs, selling returned items on the Web or stripping them for their parts. more »

Retail gift cards often unprotected

Some stores ignore security, putting consumer funds at risk more »

Hong Kong Identity Cards To Include Digital IDs

All Hong Kong's 6.8 million residents will be offered free digital IDs for use in secure online transactions when a new "smart" national identity card is introduced in mid-2003. more »

Sept 11 attacks most accessed item on Yahoo

Yahoo Japan Corp said Tuesday the news most frequently searched for this year on its Web portal site was about the Sept 11 terrorist attacks on New York and Washington. more »

eBay Ends Auction for America

Online auction leader eBay has quietly ended its much publicized Auction for America, launched as a charitable mechanism to raise $100 million in 100 days for the families of those who died Sept. 11. more »

Virtual White House Holiday Tours

This week's Cybershake outlines how tourists can take a virtual tour of the White House's holiday decorations more »

search.lt news

search.lt presents newest links more »