Cleveland, Pittsburgh and Baltimore actually will end up losing money in the short term on this because Rossell is pitching on a big group deal. He negotiates a two year deal with CBS at four point six, five million dollars in rights per year to be shared equally among the teams over three X the AFL deal. Fortunately and unfortunately, they immediately encounter political pressure in response to this. This triggers, I believe I guess, the Department of Justice to start an antitrust violation process against the NFL.
The NFL — it’s almost synonymous with America today. And its history is a fascinating lens to explore the nation’s development over the last 100 years, from WWII to TV and suburbs to the Internet and social media. What began as a quasi-illicit league in small midwestern towns is now the single largest media property in the world today by revenue. And whether you watch football or not, this is one incredible business story. Acquired is ready for some football — let’s kick this Season off right!
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Note: Acquired hosts and guests may hold assets discussed in this episode. This podcast is not investment advice, and is intended for informational and entertainment purposes only. You should do your own research and make your own independent decisions when considering any financial transactions.