18 Hrs
Source:
Los Angeles Times
_1777370220974_847775619.png&w=48&q=75){kind=small}
Spectrum Lakers channel sale faces uncertainty
The prospective new owners of the Lakers, investor Joshua Kushner and former Disney CEO Bob Iger, will face uncertainty regarding the team's long-term television revenue. Spectrum, the Lakers' broadcast partner, is considering exiting its cable channel relationship, which currently guarantees the team about $200 million annually, due to declining cable viewership and financial challenges in regional sports networks. Charter Communications, which owns Spectrum, has been exploring a sale of its sports channels amid broader industry shifts toward streaming, raising concerns about future revenue streams for the Lakers.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)