Mark Walter reportedly sought to cash out Lakers, Dodgers TV deals
Walter reportedly sought lump-sum payments from Charter Communications to exit lucrative local TV deals for the Lakers and Dodgers.
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TV companies are pushing back on the NFL. What that means for the $12.5 billion Lakers deal.
Luke Hales/Getty; Mark Baker/AP; Getty Images; BIPrices for TV sports deals almost always go up.That's the rationale for Bob Iger and Josh Kushner paying a record amount for the LA Lakers.But over at the NFL — the dominant force in TV — there are signs that the rise won't go on forever.Bob Iger and Josh Kushner plan to buy the Los Angeles Lakers at a record-setting price of $12.5 billion. The best argument for that price: The value of sports TV …
Mark Walter reportedly sought to cash out Lakers, Dodgers TV deals
Credit: Kirby Lee-Imagn ImagesThe unraveling of Mark Walter’s sports empire may just be beginning. The sports world was stunned when the Guggenheim Partners CEO and TWG Global founder sold his majority stake in the Los Angeles Lakers at a valuation of $12.5 billion just a year after purchasing the team. The news of Walter selling to a partnership led by Josh Kushner and Bob Iger came out of nowhere and has led to serious questions about what’s r…
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