TVSpy LostRemote AgencySpy PRNewser FishbowlNY FishbowlDC SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Rangers Sign $1.6 Billion Extension With Fox

Fresh off their first playoff birth since 1999, the Texas Rangers have agreed to a 20-year contract extension with Fox Sports Southwest beginning in 2015.

The deal is reportedly worth $1.6 billion and is among the most lucrative in Major League Baseball for a team without their own regional sports network.

USA Today first reported the deal was worth $3 billion, but a Fox spokesman said that amount was “wildly inflated.”

The Rangers current deal is worth roughly $45 million a year, compared to $80 million a year as part of the extension.

Mediabistro Course

Social Media 101

Social Media 101Get hands-on social media training for beginners in our online boot camp, Social Media 101. Starting September 4, social media and marketing experts will help you determine the social media sites that matter most to you, based on your personal and professional goals. Hurry, this boot camp starts next week! Register now!