Time Warner Cable has snagged its second local team for their upcoming regional sports channels, signing a reported 10-year, $55 million deal for the broadcast rights to the Los Angeles Galaxy, according to the Los Angeles Times. A press conference is expected Friday at L.A. Live.
The Galaxy, who are preparing for the Major League Soccer championship this Sunday at Home Depot Center, never produced impressive ratings on Fox Sports West, topping out at 16,000 homes.
However it was practically a bargain for Fox, who reportedly paid $300,000 to $500,000 a year for the Galaxy’s broadcast rights.
The Galaxy will join the Los Angeles Lakers on Time Warner Cable. Earlier this year, the Lakers signed a 20-year deal with the cable giant, starting with the 2012-13 NBA season.
Next up for Time Warner could be the Los Angeles Dodgers, as they are considering placing a bid for the team’s media rights.