Post by TestSubjekt on Aug 12, 2006 23:21:16 GMT -5
BellGlobeMedia to bid $1.4 billion for NHL rights
Now that's alot of coin.
According to insiders, NHL commissioner Gary Bettman has already talked to the CBC and CTV-TSN about the bidding process.
Two well-placed sources say Bell Globemedia, which owns CTV and TSN as well as The Globe and Mail and part of the Toronto Maple Leafs, is likely to proffer a bid that the CBC may find impossible to match — $140-million a year for 10 years, for a total of $1.4-billion.
That would be for everything: Canadian English-language broadcast rights, cable rights, French-language rights and ownership of Internet streaming.
Right now, the CBC is paying about $65-million a year for broadcasting; TSN's cable deal is worth about $15-million; and CTV-owned RDS's Montreal Canadiens' French-language agreement is for about $12-million.
That adds up to $92-million, meaning a CTV-TSN bid of $140-million would exceed the current amount by almost $50-million a year.
Two well-placed sources say Bell Globemedia, which owns CTV and TSN as well as The Globe and Mail and part of the Toronto Maple Leafs, is likely to proffer a bid that the CBC may find impossible to match — $140-million a year for 10 years, for a total of $1.4-billion.
That would be for everything: Canadian English-language broadcast rights, cable rights, French-language rights and ownership of Internet streaming.
Right now, the CBC is paying about $65-million a year for broadcasting; TSN's cable deal is worth about $15-million; and CTV-owned RDS's Montreal Canadiens' French-language agreement is for about $12-million.
That adds up to $92-million, meaning a CTV-TSN bid of $140-million would exceed the current amount by almost $50-million a year.
Now that's alot of coin.
