U.S. Markets closed

Pac-12’s big gamble on distribution

John Ourand
Pac-12’s big gamble on distribution

The Pac-12 Conference rejected an offer from ESPN to partner on the Pac-12 Networks, a deal that substantially would have boosted the distribution outlook for the underperforming channels, several sources say. The conference’s board of presidents and chancellors turned down what sources described as a credible offer that would have seen ESPN (NYSE: DIS) take over distribution of the networks. As part of the arrangement, ESPN would have extended its rights fee agreement with the conference well into the 2030s.