This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ESPN Gets New Baseball Deal

Disney's (DIS - Get Report) ESPN sports network and Major League Baseball have reached a new eight-year agreement.

Financial terms weren't disclosed, but the deal gives ESPN rights to 80 regular season games per season across its outlets through 2013. The announcement was made by Baseball Commissioner Bud Selig and ESPN/ABC Sports President George Bodenheimer.

ESPN will telecast three Major League Baseball windows: Monday nights, Wednesday nights and the exclusive Sunday Night Baseball series. The agreement also includes rights for ESPN to include MLB programming as part of its distribution of the ESPN networks "via certain new technologies," a clear reference to broadband or streaming video online.

The new deal could put a kink in Comcast's (CMCSA - Get Report) plans to transform its Outdoor Life Network into a major sports destination. OLN, which has the Tour de France and a new agreement with the National Hockey League, had hoped to grab some MLB rights as well. There are some remaining MLB windows that Comcast or others could still obtain after next year.

"This caps a series of comprehensive, 'new world' agreements, clearly demonstrating that ESPN and Major League Baseball share the same vision -- to serve fans through the highest-quality content and cutting-edge technology," said Bodenheimer in a statement. "Today, we have significantly enhanced the value of our summer cornerstone television programming with increased team appearances on Sunday nights, extensive blackout lift rights on Monday nights and more game and studio flexibility to showcase the great sport of baseball like no other media company."

The agreement is still subject to ratification by the major league clubs.

Shares in Disney were trading down 29 cents to $24.52 on Wednesday afternoon.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
CMCSA $57.87 0.00%
DIS $110.26 0.00%
AAPL $132.54 0.00%
FB $80.54 0.00%
GOOG $540.11 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs