Esteves: Sports Programming Moves a Defensive Play
Time Warner Cable CFO says distribution makes sense
By Mike Farrell, Multichannel News -- Broadcasting & Cable, 2/27/2013 4:01:03 PM
"We still think it makes sense for us to be a distribution company," Esteves said at the Morgan Stanley Technology, Media and Telecommunications conference in San Francisco Wednesday.. "That's where we are focused."
Time Warner has entered into two high-profile sports deals over the past two years, purchasing long-term rights to air Los Angeles Lakers games in 2011 for an estimated $3 billion, which helped fuel the launch of its Time Warner Cable Sports Net and Time Warner Cable Deportes regional sports networks in the market. Earlier this year the MSO reached a deal to carry Los Angeles Dodger games on another RSN beginning next year for an estimated $8 billion.
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