http://www.latimes.com/entertainmen...-channel-financial-losses-20150324-story.html
Time Warner Cable consistently has acknowledged that it is incurring financial losses from its deal to distribute the Los Angeles Dodgers television channel..
The New York cable giant two years ago entered into a 25-year contract with team owners Guggenheim Partners to carry the channel, SportsNet LA. The contract is valued at $8.35 billion over the life of the deal, according to the team and Major League Baseball.
Time Warner Cable had anticipated that other pay-TV companies would pony up and carry the channel, helping Time Warner Cable recoup its costs.
The New York Post on Tuesday said financial losses were so substantial that Time Warner Cable would be forced to take a write down of as much as $1 billion to account for the impaired value of the asset.
Time Warner Cable consistently has acknowledged that it is incurring financial losses from its deal to distribute the Los Angeles Dodgers television channel..
The New York cable giant two years ago entered into a 25-year contract with team owners Guggenheim Partners to carry the channel, SportsNet LA. The contract is valued at $8.35 billion over the life of the deal, according to the team and Major League Baseball.
Time Warner Cable had anticipated that other pay-TV companies would pony up and carry the channel, helping Time Warner Cable recoup its costs.
The New York Post on Tuesday said financial losses were so substantial that Time Warner Cable would be forced to take a write down of as much as $1 billion to account for the impaired value of the asset.
