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Reds, FOX Sports Ohio agree to 15-year extension
- Updated: October 19, 2016
The Reds have agreed to a 15-year extension of their local television broadcast rights agreement with FOX Sports Ohio, the club announced on Wednesday.
The financial terms of the deal, which goes into effect in 2018, were not disclosed. Reds chief operating officer Phil Castellini noted that the agreement, which had been in the works for some time, gives the club an equity stake in FOX Sports Ohio.
“We really view it as a new relationship that looks more like a partnership,” Castellini said. “It’ll operate very much the same as it has — FOX will be in charge of all elements of the broadcast, the technical aspects — but we are in it more together.”
A few years ago, the Reds considered starting their own regional sports network. They hired a consulting firm to explore the pros and cons of such a move, and the club ultimately decided to extend its long-standing partnership with FOX Sports Ohio, which has televised Cincinnati’s games since 1998 while also producing the Reds Live pre- and postgame shows, Spring Training games and additional Reds programming.
Media rights have recently become a boon for organizations renewing their deals. The Dodgers reportedly agreed to a contract in 2013 worth at least $280 million annually, …
