Time Warner (TWC), NFL Said to Strike Deal Over RedZone, NFL Network Rights
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According to reports out Friday, the National Football League and Time Warner Cable (NYSE: TWC) are said to have stuck a deal over the NFL Network and RedZone Channel.
To date, Time Warner has been one of the only major cable operators in the U.S. without the NFL Network.
Bloomberg describes the two channels best: "NFL Network airs 13 primetime regular-season games. RedZone is a game-day network that shows touchdowns and important plays inside the 20-yard line."
The deal is expected to be announced today, though nothing has been signed yet.
Financial terms of the deal weren't disclosed.
The NFL and Cablevision (NYSE: CVC) struck a similar deal just a few weeks ago.
Shares of Time Warner are about 1 percent higher Friday.
To date, Time Warner has been one of the only major cable operators in the U.S. without the NFL Network.
Bloomberg describes the two channels best: "NFL Network airs 13 primetime regular-season games. RedZone is a game-day network that shows touchdowns and important plays inside the 20-yard line."
The deal is expected to be announced today, though nothing has been signed yet.
Financial terms of the deal weren't disclosed.
The NFL and Cablevision (NYSE: CVC) struck a similar deal just a few weeks ago.
Shares of Time Warner are about 1 percent higher Friday.
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