And today's last word in business is a home run for Major League Baseball.
ESPN agreed yesterday to pay the baseball association $5.6 billion over the next eight years for broadcast and digital rights to games. That is a record, we're told, for baseball broadcasting rights. It is also about double what ESPN currently pays to broadcast Major League Baseball games, although the sports network will be getting a lot more for its money this time around - more international rights, radio rights, rights to more games.
Its latest national survey signals that "the falloff in credibility affects news organizations in most sectors: national newspapers, such as The New York Times and USA Today, all three cable news outlets, as well as the broadcast TV networks and NPR."
Originally published on Wed August 15, 2012 5:32 am
RENEE MONTAGNE, HOST:
NPR's business news starts with the top man at The Times.
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MONTAGNE: The New York Times has named its new president and CEO. The man who got the job is Mark Thompson, a former BBC executive. Thompson will face a different business model from the non-profit British broadcaster. The paper is run by a board that's largely elected by a family trust.
This is the second in a three-part series about major American networks trying to appeal to a broader Latino audience.
Every morning at 11:45, NBC News officials hold a conference call with their counterparts at sister networks to sort through stories of interest. Among those on the line are executives at CNBC, MSNBC and The Weather Channel; digital news editors; and executives at Telemundo, a Spanish-language broadcast network.