DAYTONA BEACH, Fla., Aug. 2, 2013 /PRNewswire/ -- International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) ("ISC") today provided additional details on NASCAR's domestic broadcast rights contracts for its Sprint Cup, Nationwide and Camping World Truck series, as well as other related programming.
In a press release dated August 1, 2013, NASCAR and Fox Sports Group ("FOX") announced they have extended the multi-platform, multi-series media rights agreement reached in October 2012 for an additional two years, which begins in 2015 through the 2024 season to coincide with the recently announced NBC multi-platform, multi-series media rights agreement. In addition, FOX added exclusive rights to three additional NASCAR Sprint Cup Series events and the first 14 NASCAR Nationwide Series events of each season. FOX secured exclusive rights to the entire NASCAR Camping World Truck Series season through 2022 last October and that part of the agreement also has been extended through 2024. Financial terms of the extended agreement were not disclosed.
"FOX has been a great long-time partner of our sport and their additional commitment now cements the powerhouse broadcast team for NASCAR racing – FOX and NBC," stated ISC Chief Executive Officer Lesa France Kennedy. "This deal will now deliver tremendous consistency for the NASCAR Sprint Cup and Nationwide series for many years to come. Our industry continues to build upon its positive momentum which ultimately benefits our fans through unforgettable live race day experiences and unmatched broadcast and digital content."This is the largest media rights package in the sport's 65-year history. It demonstrates the value of NASCAR racing while providing long-term business visibility for potential future investments in our local communities, such as the DAYTONA Rising project underway here in Daytona Beach. Lastly, as broadcast rights fees represent ISC's largest revenue segment, the agreement will also further enhance value for our shareholders."
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