Awful Announcing
The Pac-12 Networks' total revenue is expected to drop six percent ($8.1 million) year-over-year in 2019, with net advertising revenue falling 22 percent and digital revenue plummeting 30 percent.
This should go over pretty well with the Pac-12 schools.
ESPN would have locked down their rights fee with the Pac-12 "well into the 2030s," and the Pac-12 wasn't willing to go that far.
The Pac-12 is now asking for 50 percent more money from investors than they previously were.
The Pac-12's valuation of $5 billion for the conference (so $500 million for a 10 percent share) appears quite optimistic, according to a long-time hedge fund manager asked to evaluate it.
We knew things were bad with the Pac-12 Network, and we still may have been giving them too much credit.
With the Big Ten, Pac-12 and Big 12 media rights and the SEC Tier 1 rights all coming up between 2023 and 2025, conference realignment talk is back, and LHN, ACCN and Pac-12 Networks may play a significant role.
The Pac-12 looks even worse after using copyright claims to take this video down.
Pac-12 Network really isn't in a position to be losing providers, but here we are.
The last time this game was moved back, it was thanks to the assassination of President John F. Kennedy.
"We give them a whole other window of high-quality, highly rated games. ... Playing more night games than we did in the past unlocked the kind of value our schools were looking for."
"We want to give the people what they want, when they want it, and interest is clearly driven by football."
The Pac-12 Networks' carriage issues might get even worse if AT&T U-Verse drops them.
The ACC Network is expected to boost per-school distributions by at least $10 million per year, more than double what the Pac-12 Networks have done so far.
Future Pac-12 overflow will wind up on Fox Business, which is good news for how many people will be able to watch it. But overflow really isn't a key issue in the conference lagging behind its competitors; lagging TV revenue and significant league network challenges are much larger problems.
