Friday, September 23, 2011

Serie A sells domestic TV rights for ?2.5 billion

Associated Press Sports

updated 3:19 p.m. ET Sept. 22, 2011

MILAN (AP) -Italy's Serie A has sold its domestic TV rights for the three-season period spanning 2013 to 2015 for nearly ?2.5 billion ($3.36 billion).

The satellite rights will stay with Sky Italia of Rupert Murdoch's News Corp., while RTI (Reti Televisive Italiane) of Italian Premier Silvio Berlusconi's Mediaset group will hold on to the digital rights for 12 of the 20 clubs.

Sky will pay ?558 million ($750.4 million) for 2012-13, ?561 million ($754.43 million) for 2013-14 and ?564 million ($758.47 million) for 2014-15.

RTI's bid was for ?259 million ($348.3 million), ?268 million ($360.41 million) and ?277 million ($372.51 million) over the three seasons.

The total deal for both packages is ?2.487 billion ($3.34 billion).

The league is still to determine how to handle the digital rights for the eight clubs not included in the RTI deal.

? 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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