News Flash: Paramount-WBD, ESPN, YES Network, and More
Get ready for a whirlwind of updates in the media industry! Paramount-WBD, ESPN, YES Network, and other key players are making waves. Here's the scoop:
Paramount's Move: Valuing Discovery Global at $0/Share
In a bold move, Paramount has valued Discovery Global at $0/share, sparking curiosity. This valuation is part of their ongoing battle with Netflix for WBD. Paramount argues that their bid is superior, valuing Discovery Global at a forward EBITDA multiple of 3.8x, similar to Versant's share price. But here's the twist: they acknowledge Discovery Global's potential M&A option value, yet highlight its less attractive portfolio compared to Versant.
YES Network and Comcast: A New Distribution Deal
YES Network and Comcast have finally reached a new distribution agreement, avoiding a potential blackout. This deal ensures live game broadcasts remain accessible on expanded basic cable in the New York area. Comcast's initial push for a premium tiering strategy was met with resistance from YES, which owns a partial stake in SportsNet New York (SNY).
ESPN Tennis Analysts Depart
Brad Gilbert and Pam Shriver, beloved tennis analysts, have bid farewell to ESPN after decades of service. Their departure coincides with ESPN's coverage of the Australian Open, where they were regular contributors. ESPN's response? They've brought in new talent, including Katie George and Malika Andrews, to fill the void.
Media Industry Shifts: Jimmy Zasowski, Pittsburgh Post-Gazette, and More
- Jimmy Zasowski takes on a new role as President of Platform Distribution for Disney Entertainment and ESPN, overseeing direct-to-consumer services and distribution.
- Pittsburgh Post-Gazette makes headlines as it prepares to publish its final edition on May 3 after 240 years of local coverage. A legal battle over a healthcare plan led to this decision.
- Ryan Smith signs off on his final 'SportsCenter' edition, leaving after six years. His future at ESPN remains uncertain.
- Sactown Sports 1140 welcomes Kayla Anderson and Matt George to their midday radio show, replacing Allen Stiles, who moves to the afternoon drive slot.
