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.'"
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