ESPN and the SEC Join Forces to Create A New Network
For you SEC fans you finally got your wish…your own network.
That’s right ESPN and the Southeastern Conference (SEC) have join forces and will create a new network devoted solely to the 14 schools that make up the SEC, set to launch April 2014.
A press conference was scheduled for Tuesday at the Hyatt Regency Atlanta at noon where ESPN president John Skipper and SEC commissioner Mike Slive would announce the partnership, but in the wake of the tragedy in Boston, that press conference was postponed. No new date has been announced.
Under the terms of the SEC’s current media contracts, which were to expire in 2023, ESPN pays an estimated $150 million per year for the rights to its football and basketball package, while CBS invests $55 million per year.
While terms of the deal have not been disclosed, the SEC network is all but certain to be a cash cow for ESPN and the schools. According to Forbes, the conference is home to some of the most valuable college football franchises in the country, a roster that includes No. 4 LSU ($102 million), No. 5 Georgia ($99 million), No. 6 Alabama ($95 million) and No. 7 Florida ($93 million).
As is the case with the Big Ten Network and the Pac-12 Network, the SEC channel is expected to launch as a national service with distribution concentrated in Kentucky, Tennessee, Mississippi, Missouri, Arkansas, Texas, Alabama, Georgia, South Carolina, Florida and Louisiana.
The network is likely to call Charlotte, N.C., its home base, as ESPN Regional Television.
Is this becoming information overload, is ESPN stretching themselves too thin? With all these new networks are people really going to turn in? I know that they are giving people more choices but is more choices really the right way, sometimes more just means more.
Your Jersey Girlfriend,