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Posts Tagged ‘Mark Walter’

Dodgers, Time Warner Announce Network

Get ready for a whole lot of Los Angeles Dodgers starting in 2014.

The Dodgers formally announced their new regional sports network in partnership with Time Warner Cable called SportsNet LA. Pending MLB approval, the deal is for 25 years and will be worth between $7-8 billion for the Dodgers, according to the LA Times. It ends a long back-and-forth affair between the Dodgers, Time Warner and Fox Sports on the future home of the baseball team after their contract ended later this year.

“We concluded last year that the best way to give our fans what they want — more content and more Dodger baseball — was to launch our own network,” Dodgers chairman Mark Walter said in a statement. “The creation of AMP will provide substantial financial resources over the coming years for the Dodgers to build on their storied legacy and bring a World Championship home to Los Angeles. Just as we are actively transforming the team and the stadium, we want the Dodgers to be exhibited on the very best sports network in the country — one that will provide an unrivaled fan experience.”

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Magic Makes a Play for the Dodgers

At this point, the question has become, who isn’t interested in buying the Dodgers? Everyone from Steve Garvey and Orel Hershiser to Larry King and Mark Cuban are in the mix.

Now, according to LA Times columnist Bill Plaschke, recently divested Lakers part-owner Magic Johnson plans to join the Frank McCourt bankruptcy sweepstakes:

Johnson would be the face of a high-powered ownership group that would include Stan Kasten, the former president of the Atlanta Braves and Washington Nationals, and Mark Walter, chief executive of Guggenheim Partners, a financial services firm that controls over $125 billion in assets. The firm is headquartered in Chicago and New York, with an office in Los Angeles.

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