“We are delighted to support the Dodgers and their ownership group in their launch of SportsNet LA. The Dodgers have one of the most passionate and loyal audiences in sports, and we look forward to helping deliver this new network to their fans,” said David Rone, President of Time Warner Cable Sports. “This deal, like our Lakers’ deal, furthers our efforts to attain greater certainty and control over local and regional sports programming costs.”
The agreement with TWC is subject to certain closing conditions. Additional terms were not disclosed.
AMP was advised by Evolution Media Capital and Guggenheim Securities and the law firms Davis Polk & Wardwell, Foley & Lardner, O’Melveny & Myers, and Winston & Strawn . TWC was advised by Desser Sports Media and by the law firms Covington & Burling, Paul, Weiss, Rifkind, Wharton & Garrison, and Holland & Hart.
About American Media Productions, LLCAmerican Media Productions, LLC (AMP) was created by the Los Angeles Dodgers ownership group in December 2012. AMP owns and will operate SportsNet LA, the regional sports network for the Los Angeles Dodgers beginning with the 2014 Major League Baseball season. About Time Warner Cable Time Warner Cable Inc. (NYSE: TWC) is among the largest providers of video, high‐speed data and voice services in the United States, connecting more than 15 million customers to entertainment, information and each other. Time Warner Cable Business Class offers data, video and voice services to businesses of all sizes, cell tower backhaul services to wireless carriers and, through its NaviSite subsidiary, managed and outsourced information technology solutions and cloud services. Time Warner Cable Media, the advertising arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions. More information about the services of Time Warner Cable is available at www.timewarnercable.com, www.twcbc.com, www.navisite.com, and www.twcmedia.com.