NFL Reaches Thursday Night Pact With CBS, NBC--Update
February 01 2016 - 4:11PM
Dow Jones News
By Joe Flint
The National Football League reached agreement with CBS and NBC
to share its Thursday night prime-time package of games along with
the league-owned cable channel NFL Network, the companies announced
Monday.
Under the terms of the deal, CBS and NBC would each carry five
Thursday night games that also will be simulcast on the NFL
Network. The NFL Network also will carry several games exclusively.
The deal will cost the networks about $225 million each, people
familiar with the matter said.
The Wall Street Journal earlier reported news of the Thursday
Night deal.
The new agreement is a marked departure from the previous two
Thursday Night Football contracts, which were with CBS alone.
For the NFL, by splitting the package between CBS and NBC, it
will increase the rights fees it receives from the $300 million CBS
paid this season.
The NFL is also planning an online package for the Thursday
games that will create an additional revenue stream. The league
said it is in active discussions with prospective digital partners
and expects to announce a deal soon.
Write to Joe Flint at joe.flint@wsj.com
(END) Dow Jones Newswires
February 01, 2016 15:56 ET (20:56 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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