TNT Sports Says NBA League Notified Its Intention To Accept Other Offers For Games In Our Current Rights Package; Reviewed Other Offers For NBA League Games And Matched One Of Them
Portfolio Pulse from Benzinga Newsdesk
TNT Sports has been notified by the NBA League of its intention to accept other offers for games in the current rights package. TNT Sports reviewed other offers and matched one of them.
July 22, 2024 | 7:56 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Warner Bros. Discovery (WBD), the parent company of TNT Sports, has been notified by the NBA League of its intention to accept other offers for games in the current rights package. WBD reviewed other offers and matched one of them.
The news indicates that WBD, through its subsidiary TNT Sports, is facing competition for NBA broadcasting rights. However, WBD has matched one of the offers, which suggests it is actively working to retain its rights. This could have a neutral short-term impact on WBD's stock as the outcome is still uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100