[Quote of the Day] Gold Medal Value

“We told the people we’re not going to be involved anymore because there’s such financial losses associated with those TV contracts.”

Dick Ebersol, September 2003, on why NBC was shifting their sports investments away from programming from the National Football League and Major League Baseball. Reports earlier this week indicate that NBC is set to lose close to $250 million. Look for a longer column on this in the next few days…

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