Sports TV Costs Jump, Threatening Pay TV Model
The "skyrocketing cost of sports television" will increasingly "undermine the pay TV model and spur a new round of cord cutting," according to a new report from Bernstein Research cited by Daniel Frankel.
"'The ridiculous escalation in sports rights is getting to be an old story,' Bernstein writes. 'But lately it has gone to unimagined proportions. Unchecked, it threatens to blow the entire media model apart.'"