IRL inks global broadcast deal

December 10, 2008
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espnThe Indy Racing League today announced an extension of its long-time association with ESPN International for worldwide (excluding the United States and Brazil) distribution of IRL broadcast rights until 2010, with a further two-year option for both parties. Financial terms of the deal were not disclosed.

The multi-year extension agreement gives ESPN International the exclusive right to distribute live, delayed and highlight programs via all forms of broadcast media, broadband, Webcast and mobile for all IRL events, including the Indianapolis 500, Indy 500 support programming and Firestone Indy Lights.

Earlier this year, the IRL announced its domestic television package including a renewal of its long-time partnership with ABC for the Indianapolis 500 and four other races and a new partnership with cable TV network Versus for a minimum of 12 events annually.

“Motorsports continue to be hugely popular with sports fans around the world,” said Tim Bunnell, senior vice president of programming at ESPN International. “It therefore makes sense that the [IRL] is part of our programming strategy for our channels and part of our global program distribution strategy.”

The IRL continues its long-term partnership with BAND TV for Brazilian television rights.
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  • The critical part: Financial terms of the deal were not disclosed. :lol:

    No one has ever provided any evidence that this isn't, at best, a total giveaway by FTG and the 'league'. Obviously there were no takers when they tried to shop it around. I'm sure the lucrative reversus deal will offset this failure though.

    In other important earl news, Porsche says nein! to the 'league'. http://www.autoweek.com/article/20081210/FREE/812109984 Not a surprise, I know.
  • Come on Stan, you know the gomers in the trailer park in Monaco can't get enough of the league. Porsche says indyc^rt fans aren't in its target customer base. Now that is surprising.
  • I am sorry, it surprises people that Porsche is not expanding into Indycar? With the cutbacks happening across the board with most automakers, this should not be a surprise.

    I would expect to see Audi and BMW with strong interest. I would further expect to see BMW sign on. A lot depends on what the world economy does. Expect also to see at least one of the Big 3 if not two drop out of NASCAR as well.

    As far as the contract with ESPNi, as long as it is not an infomercial like c>rt/owrs/ccws had to pay for, then the flavor aid drinkers of KK have nothing to talk about.
  • That must be why Audi pulled out of ALMS, LMAO.....

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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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