Report: Red Sox Radio Deal Could Top $12M
April 13, 2006 at 6:19 AM (PT)
The BOSTON GLOBE is speculating that the BOSTON RED SOX radio rights deal could push the team's yearly rights take over $12 million a year at a time when other teams are encountering stiff resistance from radio and facing decreasing rights fees.
Incumbent flagship WEEI-A/BOSTON is battling to keep the SOX rights against a proposed deal that would have the team buy a piece of a GREATER MEDIA FM station, likely WBOS/BOSTON, and the GLOBE says that the next deal could approach the $13 million paid by CLEAR CHANNEL for ATLANTA BRAVES rights and could exceed the NEW YORK YANKEES' $10 million deal with WCBS-A/NEW YORK (although that deal will expire at the end of the year).
The paper notes that the CHICAGO WHITE SOX' new deal with WSCR-A/CHICAGO is for less than its previous deal with crosstown WMVP-A and that the ST. LOUIS CARDINALS bought an interest in KTRS-A/ST. LOUIS only after longtime home KMOX-A sought to lower the fees it was paying to the team. The article also says that CBS RADIO put in lower bids for the SOX on behalf of WBZ-A and WBCN, and references the controversy over MAJOR LEAGUE BASEBALL's deal to put games on XM SATELLITE RADIO in competition with local broadcasts.
Read the article by clicking here.