Time Warner Defends Dodgers Rights Deal
Time Warner Cable chairman and CEO Glenn Britt on Thursday told investors that the operator's regional sports network strategy is designed to minimize costs in the long haul. Speaking on TWC's fourth quarter earnings call, Britt said the company's 25-year pact to distribute SportsNet LA, the Los Angeles Dodgers' new RSN, was a forward-looking deal. "We do not pretend that these deals are inexpensive or cheap, and our sense is that if we're going to carry these games, they're going to be expensive when we get them," Britt said. "So what we think we've done with these deals is to minimize and stabilize the cost over a long time period."