Time Warner Cable Inc said on Monday it will carry the new Los Angeles Dodgers television channel, outbidding Fox Sports, which held the rights to show Dodgers games for more than a decade.The Dodgers ownership group will control the channel, becoming the latest sports franchise to own all or part of its own regional sports network, ensuring ongoing television profits in addition to the lucrative revenue from cable operators.The channel, to be called SportsNet LA, is scheduled to begin airing Dodgers games at the start of the 2014 baseball season. The channel will be available in southern California and Hawaii.Terms of the deal were not disclosed. The Los Angeles Times had reported the deal could be worth between $7 billion to $8 billion over more than 20 years. It's the latest in a string of expensive contracts with media and cable companies for the rights to carry popular sports events.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 0.08% or $0.08/share to $100.68. In the past year, the shares have traded as low as $72.76 and as high as $102.00. On average, 1778120 shares of TWC exchange hands on a given day and today's volume is recorded at 358787.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.5% or $-0.25/share to $50.15. In the past year, the shares have traded as low as $33.62 and as high as $51.29. On average, 6189180 shares of TWX exchange hands on a given day and today's volume is recorded at 1693257.
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