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darkcloud4579 · 07-06-2003, 12:44 AM

MARINERS, EMERALDS, SKY CHIEFS CREATE TV NETWORK
PORTLAND - In an attempt to "level the playing field" between large market and small market teams, three teams have negotiated a deal to create the "Pacific Sports Network" a regional television station that will broadcast sports.

Paul Allen, who recently paid $100 million over 10 years to the Oregon Emeralds to have his name placed on their new stadium that opens this year, is the principal owner of the network, which will broadcast Portland Trailblazers, Seattle Sonics, Seattle Seahawks - whom Mr. Allen owns - as well as Sky Chiefs, Mariners and Emeralds games for the next five years. The station will be broadcast to nearly 30 million homes around the nation, beaming to fans across the nation who otherwise would lack access to the teams.

"We want to appeal to our fans nationwide. Why should Cubs fans or Yankees fans be the only ones to see their teams on television all the time? We want to level the playing field and PSN will do that," said Allen at the press conference.

Each team will earn $35 million per year over the life of the five year deal. The Chicago Cubs make $71 million per year due to their ownership by the Tribune Company. The New York Yankees and New Jersey Cyclones have a television deal that totals over $1 billion over the next ten years, with the Yankees receiving about $90 million and New Jersey in the low $60 million.

07-06-2003, 12:44 AM	#47
darkcloud4579 Hall Of Famer Join Date: Jun 2003 Posts: 8,712	EMERALDS CREATE PACIFIC SPORTS NETWORK MARINERS, EMERALDS, SKY CHIEFS CREATE TV NETWORK PORTLAND - In an attempt to "level the playing field" between large market and small market teams, three teams have negotiated a deal to create the "Pacific Sports Network" a regional television station that will broadcast sports. Paul Allen, who recently paid $100 million over 10 years to the Oregon Emeralds to have his name placed on their new stadium that opens this year, is the principal owner of the network, which will broadcast Portland Trailblazers, Seattle Sonics, Seattle Seahawks - whom Mr. Allen owns - as well as Sky Chiefs, Mariners and Emeralds games for the next five years. The station will be broadcast to nearly 30 million homes around the nation, beaming to fans across the nation who otherwise would lack access to the teams. "We want to appeal to our fans nationwide. Why should Cubs fans or Yankees fans be the only ones to see their teams on television all the time? We want to level the playing field and PSN will do that," said Allen at the press conference. Each team will earn $35 million per year over the life of the five year deal. The Chicago Cubs make $71 million per year due to their ownership by the Tribune Company. The New York Yankees and New Jersey Cyclones have a television deal that totals over $1 billion over the next ten years, with the Yankees receiving about $90 million and New Jersey in the low $60 million.