/// Play Ball!: Fox, Turner to Re-Up With MLB

September 20, 2012  |  Media Week

Major League Baseball has secured its media rights deals through the start of the next decade, coming to agreements with Fox and Turner Sports on a pair of new eight-year pacts worth billions. According to sources with knowledge of the negotiations, while the requisite legal papers have not been signed, the league has an agreement in principle in place with both media companies. A formal announcement could arrive as soon as Sept. 24. As is the case with MLB’s new deal with ESPN , Fox and Turner have agreed to eight-year deals at twice the price. Fox currently pays $257.1 million a year for its seven-year package, for a grand total of $1.8 billion, while Turner invested $148.6 million per season, a payout that adds up to $1.2 billion. Under terms of the new deals, Fox will pay roughly $500 million per year through 2021, for a grand total of $4 billion. Turner, meanwhile, will shell out close to $350 million per year, or $2.8 billion in all. When rolled up with ESPN’s package, MLB’s total annual media payout adds up to a little more than $1.5 billion, up from $750 million. News of the deal was first reported by John Ourand and Eric Fisher of SportsBusiness Daily .

Play Ball!: Fox, Turner to Re-Up With MLB

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