1 00:00:02,279 --> 00:00:05,320 Speaker 1: Hello, I'm Scotts. Not even read what happens when the 2 00:00:05,360 --> 00:00:08,119 Speaker 1: mics are off, folks. I'm Michael Barr, and this is 3 00:00:08,119 --> 00:00:11,280 Speaker 1: the Bloomberg Business of Sports podcast, where we explore the 4 00:00:11,360 --> 00:00:14,640 Speaker 1: big money issues in the world of sports. The way 5 00:00:14,800 --> 00:00:18,120 Speaker 1: is just you and me this week, Yeah, we always 6 00:00:18,120 --> 00:00:21,560 Speaker 1: miss underscore. Ran out to the US Open, left US 7 00:00:21,600 --> 00:00:24,119 Speaker 1: high and dry. I wish I was at the U 8 00:00:24,200 --> 00:00:26,200 Speaker 1: s Open, though, So go with go with underscrawled do 9 00:00:26,280 --> 00:00:30,120 Speaker 1: this myself and I have this week's topics, Medina and 10 00:00:30,160 --> 00:00:35,080 Speaker 1: I discuss Medina. Let's try run this. Let's leave Bar 11 00:00:35,120 --> 00:00:36,680 Speaker 1: out of this. What do you think of Chicago gub 12 00:00:36,720 --> 00:00:42,000 Speaker 1: starting regional sports network? Um? Fabulous? Say fabulous? There you go. 13 00:00:42,800 --> 00:00:45,400 Speaker 1: Who needs Bar? We really don't even need him. You 14 00:00:45,520 --> 00:00:49,720 Speaker 1: don't even need him? Fine, that's you know, it's fat 15 00:00:49,760 --> 00:00:53,440 Speaker 1: because people of Chicago not have a choice. I'm not 16 00:00:53,479 --> 00:00:55,120 Speaker 1: even letting you have no, no no, no, I'm not even 17 00:00:55,160 --> 00:00:57,520 Speaker 1: letting you intro. The Cubs are pulling away from their 18 00:00:57,560 --> 00:01:00,800 Speaker 1: partnership with NBC Sports Chicago, and that means they're pulling 19 00:01:00,800 --> 00:01:03,000 Speaker 1: away from the White Sox, Bulls and black Hawks. You're 20 00:01:03,000 --> 00:01:05,440 Speaker 1: gonna start their own venture. Our old friend here in 21 00:01:05,440 --> 00:01:09,080 Speaker 1: New York. Mike McCarthy formerly MSG ran the St. Louis 22 00:01:09,160 --> 00:01:11,759 Speaker 1: Blues for Dave Checkens. He's gonna run this thing up. 23 00:01:12,440 --> 00:01:14,720 Speaker 1: They got a brand, the Chicago Cubs. You know, they 24 00:01:14,760 --> 00:01:17,200 Speaker 1: feel like we can do this ourselves. Oh, now you 25 00:01:17,280 --> 00:01:21,720 Speaker 1: want to respond to me and look at your general direction, Medina, 26 00:01:21,800 --> 00:01:25,959 Speaker 1: What do you think of the regional sports network landscape 27 00:01:25,959 --> 00:01:27,800 Speaker 1: as we see it? Like, yes network in New York 28 00:01:27,920 --> 00:01:30,960 Speaker 1: s and why the powerful brands can can make this happen? Right? 29 00:01:31,800 --> 00:01:36,440 Speaker 1: I like it? There you go go ahead. This is 30 00:01:36,480 --> 00:01:38,600 Speaker 1: close to Detroit. Why don't you want you tell me 31 00:01:38,640 --> 00:01:43,280 Speaker 1: what it takes on Chicago? Mr? Detroit? Uh, you know this. 32 00:01:43,520 --> 00:01:46,720 Speaker 1: I feel sorry, by the way for NBC Sports Chicago. 33 00:01:46,800 --> 00:01:50,880 Speaker 1: You feel sorry for why they still have good programming 34 00:01:50,880 --> 00:01:53,960 Speaker 1: against the black Hawks, the Bulls, But that's white sucks, 35 00:01:54,120 --> 00:01:57,880 Speaker 1: that's that's cash money. Yes they're losing. Yeah, they're gonna 36 00:01:57,880 --> 00:02:00,960 Speaker 1: try to start this up for theirselves now, now, got 37 00:02:01,120 --> 00:02:04,280 Speaker 1: I hope they do well for you know, for Chicago's 38 00:02:04,280 --> 00:02:06,840 Speaker 1: sake and the cubs sake. But you know, and they 39 00:02:06,880 --> 00:02:09,480 Speaker 1: probably could pull it off because you're talking obviously a major, 40 00:02:09,560 --> 00:02:13,600 Speaker 1: major market and they probably will get the audience they 41 00:02:13,760 --> 00:02:16,799 Speaker 1: are the Cubbies. Yeah, so, I mean the contemplate their 42 00:02:16,800 --> 00:02:20,960 Speaker 1: own rs N maybe produced and sell your own product. Yeah. 43 00:02:21,040 --> 00:02:24,760 Speaker 1: This is the way of the future. And Tom Ricketts 44 00:02:24,760 --> 00:02:29,799 Speaker 1: has certainly created a real estate empire around Wrigley Field 45 00:02:30,440 --> 00:02:33,080 Speaker 1: and the tent poles. We always talk about attached to 46 00:02:33,120 --> 00:02:37,440 Speaker 1: these sports teams, real estate and media. Now he's starting 47 00:02:37,440 --> 00:02:40,080 Speaker 1: to flex those cubby muscles on the media side of things. 48 00:02:40,360 --> 00:02:42,520 Speaker 1: It's gonna be very interesting to see what he can accomplish. 49 00:02:42,600 --> 00:02:45,359 Speaker 1: You know, whether it's really gonna get over black Hawks fans. 50 00:02:45,720 --> 00:02:49,600 Speaker 1: Black Hawks fans are fierce fans. You thought Cubs and 51 00:02:49,639 --> 00:02:54,639 Speaker 1: White Sox fans were dedicated fans. Black Hawks fans are fierce. Yeah. 52 00:02:54,680 --> 00:02:58,000 Speaker 1: Well that's that's the beauty and why everybody's fighting over 53 00:02:58,040 --> 00:03:00,960 Speaker 1: these rs n s in the Fox sale to Disney 54 00:03:00,960 --> 00:03:05,160 Speaker 1: of the assets, regional sports is where the passion lies. 55 00:03:05,240 --> 00:03:07,880 Speaker 1: Like we say, baseball isn't national to regional sport. Go 56 00:03:08,000 --> 00:03:11,880 Speaker 1: look at the baseball ratings on the regional networks. They're 57 00:03:11,919 --> 00:03:15,520 Speaker 1: really high. And that's where you get your hardcore fan 58 00:03:16,000 --> 00:03:19,840 Speaker 1: devoted to that broadcaster, devoted to that network, devoted to 59 00:03:19,919 --> 00:03:24,880 Speaker 1: that team. It's that affinity that is driving the value 60 00:03:25,160 --> 00:03:28,720 Speaker 1: out of these rsns. We gotta talk. I'm gonna direct 61 00:03:28,760 --> 00:03:31,480 Speaker 1: this now to Medina just for a second, man, just 62 00:03:31,560 --> 00:03:33,960 Speaker 1: for a second. Whatever happens if you're you know, if 63 00:03:34,000 --> 00:03:36,920 Speaker 1: you're not here and is me doing the shows? And 64 00:03:36,960 --> 00:03:39,320 Speaker 1: then Medina and I want to see how this works. 65 00:03:39,880 --> 00:03:43,080 Speaker 1: So Medina, Amazon dot Com is high Marie Downtahue, a 66 00:03:43,160 --> 00:03:47,320 Speaker 1: former ESPN executive, to oversee sports for Prime Video. That's 67 00:03:47,320 --> 00:03:49,920 Speaker 1: according to people familiar with the situation. What do you 68 00:03:49,920 --> 00:04:02,280 Speaker 1: think fantastic for who for Marie? Or four? Amazon Prime Video? Both? Both? 69 00:04:02,720 --> 00:04:06,240 Speaker 1: There you go? You know what? This shows your part 70 00:04:06,320 --> 00:04:08,440 Speaker 1: And this is what Medina meant to say along with 71 00:04:08,440 --> 00:04:11,760 Speaker 1: the fantastic. But Medina meant to say, is this shows 72 00:04:11,880 --> 00:04:16,640 Speaker 1: just how serious Amazon is taking sports. That and let 73 00:04:16,720 --> 00:04:18,800 Speaker 1: me tell you this, ready, here's a nugget not before her. 74 00:04:18,839 --> 00:04:21,400 Speaker 1: I'm gonna drop a really interesting nugget on you. You're ready. 75 00:04:22,040 --> 00:04:25,240 Speaker 1: The negotiations between Amazon and the NFL when they were, 76 00:04:25,320 --> 00:04:28,080 Speaker 1: you know, looking for the package and you know the 77 00:04:28,120 --> 00:04:30,760 Speaker 1: ones that Facebook and Twitter and everybody had negotiated with 78 00:04:30,800 --> 00:04:35,920 Speaker 1: the NFL guests who had an integral role. I'm being 79 00:04:35,920 --> 00:04:40,920 Speaker 1: told in those conversations whom Whoma Whoma Underscora, who do 80 00:04:40,960 --> 00:04:45,200 Speaker 1: you think at Amazon? Drove much of the discussion. Pick 81 00:04:45,279 --> 00:04:49,080 Speaker 1: up the phone and said, Hey, Roger Amazon dot dot dot, 82 00:04:49,240 --> 00:04:52,320 Speaker 1: who do you think that I'm talking about the one 83 00:04:52,360 --> 00:04:56,480 Speaker 1: and only Jeff Basins. Really, Jeff Bezos was integral and 84 00:04:56,640 --> 00:05:00,560 Speaker 1: those conversations. That tells you. Now you're bringing Marie down, 85 00:05:00,640 --> 00:05:03,560 Speaker 1: who longtime MESPN executive, that a lot of things over there, 86 00:05:03,800 --> 00:05:07,320 Speaker 1: knows a lot of people. You see just how serious 87 00:05:07,640 --> 00:05:09,520 Speaker 1: I like the strategy part of it. We try to 88 00:05:09,560 --> 00:05:11,640 Speaker 1: get who's doing what and why and how's it gonna fit. 89 00:05:12,640 --> 00:05:17,640 Speaker 1: You're getting a sense just how important sports is going 90 00:05:17,720 --> 00:05:20,440 Speaker 1: to be to the strategy of Amazon Video. Wow. I 91 00:05:21,120 --> 00:05:23,440 Speaker 1: had no clue that Jeff Bezos was involved in this. 92 00:05:24,320 --> 00:05:27,560 Speaker 1: Many don't, but I have two people told me this. 93 00:05:27,680 --> 00:05:30,360 Speaker 1: And this is not just uh, you know the guy 94 00:05:30,400 --> 00:05:31,719 Speaker 1: in the mail room, no offense to the guy in 95 00:05:31,720 --> 00:05:36,560 Speaker 1: the mail room, but these are two people who absolutely 96 00:05:36,960 --> 00:05:39,240 Speaker 1: at some point how to seat at the table or 97 00:05:39,880 --> 00:05:42,640 Speaker 1: discuss with the people sitting at the table what's going on. 98 00:05:43,040 --> 00:05:46,720 Speaker 1: And they both told me that Bezos played a significant 99 00:05:46,720 --> 00:05:49,640 Speaker 1: part in those talks. Now, what's cool is Amazon, because 100 00:05:49,640 --> 00:05:52,080 Speaker 1: they've been working hard to get the streaming rights to 101 00:05:52,200 --> 00:05:55,719 Speaker 1: Thursday Night Football, which, by the way, that's catching on 102 00:05:55,800 --> 00:05:58,960 Speaker 1: to me, yes, because I and I have to admit, 103 00:05:59,000 --> 00:06:01,200 Speaker 1: I was not a fan of Thursday night football. I 104 00:06:01,240 --> 00:06:05,320 Speaker 1: always thought that the league interrupted you're bowling and bingo nights, 105 00:06:05,320 --> 00:06:08,840 Speaker 1: well that well, especially mingo, but but I mean Thursday 106 00:06:08,920 --> 00:06:12,039 Speaker 1: night football. You don't have time for a team to 107 00:06:12,120 --> 00:06:17,240 Speaker 1: recover from you if you play it Sunday. That the 108 00:06:17,640 --> 00:06:20,520 Speaker 1: that's a football is a brutal game and you and 109 00:06:20,640 --> 00:06:23,960 Speaker 1: you do this weekly for for Thursday's one thing to have, 110 00:06:24,080 --> 00:06:26,640 Speaker 1: you know, Thanksgiving. I mean, yes, I'm used to the 111 00:06:26,680 --> 00:06:31,760 Speaker 1: Lions and the Cowboys playing on Thanksgiving Day. TV rules all. 112 00:06:32,040 --> 00:06:34,800 Speaker 1: I mean, we know this, TV rules all. Look at 113 00:06:34,800 --> 00:06:37,120 Speaker 1: college sports. There's a reason why these college kids are 114 00:06:37,120 --> 00:06:40,719 Speaker 1: playing on Tuesday nights, on Thursday nights, on Friday, whatever 115 00:06:40,760 --> 00:06:43,880 Speaker 1: it is that's supposed to be students. But the network 116 00:06:43,920 --> 00:06:47,360 Speaker 1: said we need content on these days, and the conferences 117 00:06:47,400 --> 00:06:52,760 Speaker 1: were more than happy to acquiesce for the check. Speaking 118 00:06:52,960 --> 00:06:59,880 Speaker 1: of college and this is unique, I had a little 119 00:07:00,080 --> 00:07:02,640 Speaker 1: going on in my own head. Is bargain to this 120 00:07:02,680 --> 00:07:08,520 Speaker 1: one out of the park? Congratulations muzzle to ou they 121 00:07:06,880 --> 00:07:13,480 Speaker 1: send you know what college kids if you don't want 122 00:07:13,520 --> 00:07:16,680 Speaker 1: to come to the football games, will pay you to 123 00:07:16,840 --> 00:07:21,520 Speaker 1: come see our your college and come see the football team. 124 00:07:21,560 --> 00:07:25,840 Speaker 1: This is what's taking place at Northern Illinois University. They're 125 00:07:25,880 --> 00:07:31,720 Speaker 1: paying the school students the chance, the chance, chance, a chance, 126 00:07:31,760 --> 00:07:35,000 Speaker 1: a chance, a hundred dollars. So if you once you 127 00:07:35,040 --> 00:07:37,520 Speaker 1: swipe your student, I d they know that you're in 128 00:07:37,560 --> 00:07:41,080 Speaker 1: the stadium and of the all the students that go. 129 00:07:42,080 --> 00:07:43,240 Speaker 1: One of the one of the ways they're trying to 130 00:07:43,320 --> 00:07:45,920 Speaker 1: draw you in is the promise of a lottery that 131 00:07:45,960 --> 00:07:49,400 Speaker 1: maybe you win a hundred bucks. Okay, and I'd like you. 132 00:07:49,520 --> 00:07:52,320 Speaker 1: Let's see if a thousand or fewer students appear, ten 133 00:07:52,400 --> 00:07:54,600 Speaker 1: students win a hundred bucks and it goes right in 134 00:07:54,640 --> 00:07:57,239 Speaker 1: your burst or account. If there's one thousand to two thousand, 135 00:07:57,320 --> 00:08:00,440 Speaker 1: twenty winners, for every additional one thousand students, ten more 136 00:08:00,440 --> 00:08:03,720 Speaker 1: will be added. So so what are the odds? Quickly? 137 00:08:03,920 --> 00:08:10,000 Speaker 1: Let me see? Well, if you talk, okay, don Meda, 138 00:08:10,080 --> 00:08:12,320 Speaker 1: did you love that? Did you see the smoke coming 139 00:08:12,360 --> 00:08:15,200 Speaker 1: out of his ears? Trying to calculate that was trying 140 00:08:15,240 --> 00:08:19,680 Speaker 1: to figure I couldn't figure it out. And then Bill 141 00:08:19,760 --> 00:08:22,000 Speaker 1: and I came over here and just looked it all up. 142 00:08:22,080 --> 00:08:26,400 Speaker 1: Now I better be sure I was right again. But 143 00:08:26,880 --> 00:08:29,560 Speaker 1: it reduces to yes, I think that's right. That's that's 144 00:08:29,560 --> 00:08:31,920 Speaker 1: a great idea. I kind of like that, you know, 145 00:08:32,000 --> 00:08:34,480 Speaker 1: And but I see this one thing I don't understand. 146 00:08:34,480 --> 00:08:37,920 Speaker 1: But let's take the attendance before you don't Northern Illinois 147 00:08:37,920 --> 00:08:43,160 Speaker 1: average eleven to nine one last season, about equal from 148 00:08:43,200 --> 00:08:47,400 Speaker 1: but down from. So that's what I'm getting at. I 149 00:08:47,400 --> 00:08:51,640 Speaker 1: don't understand why college students aren't going to see their 150 00:08:51,640 --> 00:08:55,280 Speaker 1: football team. Boy, I I what's the weather like in 151 00:08:55,320 --> 00:08:57,920 Speaker 1: Northern Illinois during half of the season. I don't know. 152 00:08:57,920 --> 00:09:01,960 Speaker 1: If I don't know anything about the weather, thing is irrelevant. 153 00:09:02,040 --> 00:09:03,800 Speaker 1: You're saying, just go have a good time as a student. 154 00:09:03,840 --> 00:09:06,560 Speaker 1: Support your team. Yeah, go and support your team. How 155 00:09:07,200 --> 00:09:11,480 Speaker 1: how about that? Well, but you're obviously getting the student rate, Yes, yeah, 156 00:09:11,640 --> 00:09:13,360 Speaker 1: it's you know, they're not going to pay what you 157 00:09:13,440 --> 00:09:15,480 Speaker 1: and I would pay. I don't know if they're good 158 00:09:15,559 --> 00:09:17,360 Speaker 1: or I gotta tell. I just know from my alma mater, 159 00:09:17,480 --> 00:09:21,200 Speaker 1: I watched as the fortunes of Syracuse football went down. 160 00:09:22,000 --> 00:09:25,360 Speaker 1: It seemed as if seemed as if the need to 161 00:09:25,400 --> 00:09:30,080 Speaker 1: go see them play also diminished. I'll put it nicely. 162 00:09:30,640 --> 00:09:34,239 Speaker 1: There was a correlation between wins and losses and attendance 163 00:09:35,720 --> 00:09:39,320 Speaker 1: in my viewing from afar of the orange. Now see, now, 164 00:09:39,559 --> 00:09:43,120 Speaker 1: I went and I took classes. Let me clarify this, 165 00:09:43,760 --> 00:09:47,680 Speaker 1: at the University of Michigan. But it was the Dearborn campus. 166 00:09:48,000 --> 00:09:50,320 Speaker 1: The people in Detroit know what I'm talking about. It 167 00:09:50,360 --> 00:09:54,280 Speaker 1: wasn't the ann Arper campus. But I'm wondering still if 168 00:09:54,320 --> 00:09:58,320 Speaker 1: I could have gone to the big house and got 169 00:09:58,360 --> 00:10:01,400 Speaker 1: the student rate, I, boy, you're better. I would Boy. 170 00:10:01,480 --> 00:10:03,240 Speaker 1: You could have been like the leader of a movement. 171 00:10:05,320 --> 00:10:08,679 Speaker 1: You could have been like the Dearborn leader. Absolutely, you 172 00:10:08,720 --> 00:10:11,800 Speaker 1: could have been the guy right up front. I should 173 00:10:11,880 --> 00:10:14,880 Speaker 1: have done that. It was like, come on, gang, let's 174 00:10:14,880 --> 00:10:16,720 Speaker 1: go in. And then you look behind you and there's nobody. 175 00:10:17,160 --> 00:10:22,760 Speaker 1: Come on, Yeah, you had a shot. Hey, thank you 176 00:10:22,840 --> 00:10:25,160 Speaker 1: so much for joining us. This is the Bloomberg Business 177 00:10:25,160 --> 00:10:27,880 Speaker 1: of Sports podcast. I'm Michael Barr along with Scott We 178 00:10:27,920 --> 00:10:31,000 Speaker 1: are here every Monday, Wednesday and Thursday exploring the world 179 00:10:31,000 --> 00:10:33,040 Speaker 1: of money in sports. Join us again at the end 180 00:10:33,040 --> 00:10:34,560 Speaker 1: of the week when we speak with the biggest and 181 00:10:34,600 --> 00:10:36,720 Speaker 1: brightest in the sports business industry. By the way, we 182 00:10:36,720 --> 00:10:41,560 Speaker 1: love you beIN you're listening to Bloomberg Business of Sports 183 00:10:41,600 --> 00:10:44,720 Speaker 1: from Bloomberg Radio around the world and online as an 184 00:10:44,720 --> 00:10:46,280 Speaker 1: Apple podcast on iTunes.