Which organization is no longer seeking an arrangement with a “pure financial institution” that would receive minority ownership in a media rights holding company and, in return, provide each existing owner with tens of millions in up-front cash?
"Media and tech companies might not demand the same return on investment as a private equity firm because of the benefits that would come from owning Pac-12 football content." Seriously? google.com/amp/s/www.merc…
"The Pac-12 Network, which has distributed an average of just $2.8 million annually to the 12 member institutions since it launched in 2012 and failed to reach a deal with DirecTV. But that ship has apparently sailed." pitchbook.com/news/articles/…
