March 6, 2013
Secret’s Out—News Corp to Launch 24/7 National Sports Net
The not-so-secret secret is out: come Aug 17, Fox Sports will launch a 24/7 national sports network. The net will be called Fox Sports 1 and replace Speed, which has a distribution of 85 mln homes. Fox has been buying up sports rights for years. “We’ve amassed enough live events where we can have scale, we can have significance and we can be a major player in the market,” said Randy Freer, co-pres and COO, Fox Sports Media Group. More on the net’s content strategy, how soon FS1 plans to match ESPN’s viewership and its TV Everywhere revamp.
More top stories in today's CableFAX Daily:
With full-year guidance spooking investors earlier this year, Time Warner Cable pres/COO Rob Marcus tried to set the record straight Tues. “I think coming out of earnings last quarter, there was this general perception that somehow management’s perspective on the longer-term prospects of the business had changed,” he said at Deutsche Bank’s investor conference. “Really nothing could be farther from the truth.” Here’s where TWC expects to see revenue.