Broadcast TV is poised for a potential resurgence as executives anticipate regulatory changes that could allow for greater consolidation, enhancing their ability to compete for local sports rights. With recent acquisitions of NHL and NBA rights by companies like Scripps and Gray, there’s optimism that a more favorable environment could enable broadcasters to invest more in local markets. As traditional pay TV declines, the shift towards a dual strategy of digital streaming and broadcast could redefine how fans engage with their teams.
President-elect Donald Trump has nominated former U.S. Senator Kelly Loeffler to lead the Small Business Administration, praising her as a "tremendous fighter" who will work to reduce red tape and support small businesses. Loeffler, who served in the Senate for just over a year, previously lost a runoff election to Democrat Raphael Warnock and has been involved in various business ventures, including founding RallyRight. Her nomination is subject to Senate confirmation.
The WNBA players union has opted out of the current collective bargaining agreement, two years before its expiration, signaling a pivotal moment for the league. With record attendance and a historic media rights deal, players are seeking an equity-based model to improve salaries, benefits, and transparency. WNBA Commissioner Cathy Engelbert expressed optimism for negotiations that will support the league's growth and success.
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