Sports Summit: CBS' McManus -- Fox Sports 1 Not Altering Our Strategy - Broadcasting & Cable

Sports Summit: CBS' McManus -- Fox Sports 1 Not Altering Our Strategy

Chairman leaves door open for possible future partnerships between CBS Sports Net and competitors
Author:
Publish date:

New York -- CBS Sports chairman Sean McManus expects the
launch of Fox Sports 1 in August to make a lot of noise, but he's not changing
the strategy of his cable competitor CBS Sports Network in light of the
crowding field, he told attendees at Wednesday's Sports Business and Technology
Summit presented by B&C, Multichannel News and TV Technology.

"There are a lot of competitors in this space," McManus
said in a keynote moderated by B&C deputy editor Michael Malone. "It
may very well be that in the future -- and we've done this with Turner -- that
we do deals in the future with NBC Sports Network or NBC or Fox Sports 1. We're
not directly responding to what they're doing by changing our altering our
strategy at the sports network right now."

Unlike NBC and Fox, who are investing hundreds of millions
of dollars in sports rights, CBS Sports Network has taken a different tack,
opting to pick up smaller properties like major league lacrosse and
Professional Bull Riders and hiring talent like Jim Rome and Doug Gottlieb to
helm studio shows.

"We are trying to build our network more slowly and
more strategically. We're not in a position right now in our corporation and we
don't want to invest that much money," McManus said. "At some point
we'll be in a position to compete for the highest-level rights, but right now
we have a different philosophy."

So far, the network has grown from 22 million households to
50 million in three years under the helm of David Berson, who earlier
this month was promoted
to president of CBS Sports. McManus initially hired
the former ESPN executive in 2011 with the intention of grooming him for the
top job.

"As much as I love my job, succession planning at CBS
is very important," McManus said. "He will slowly assume more of the
day-to-day responsibilities, but I'm not going anywhere for a while."

And while NBC outbid Fox and ESPN for a $250-million,
three-year deal to broadcast the English Premier League, McManus praised the
sports ascendency that while not capable of rivaling the NFL or college
football, has grown into an important niche TV property.

"It has passionate fans. Soccer is not, in
my opinion, going to be mainstream, every single week on network television,
but it has a big impact on cable television and the big events like the World
Cup can have a big event on network television," he said. "It has
grown by leaps and bounds in terms of its value when you're building a cable
network."

Related