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Q&A: For the Angels, Bally Sports is Plan A. What could Plan B be?

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Q&A: For the Angels, Bally Sports is Plan A. What could Plan B be?

Three days after the Angels concluded the worst season in franchise history, their fans faced a new and urgent concern: Would they be able to watch their team on television next season?

The answer appears to be yes, and probably in the same way they did this season. On Wednesday, however, the parent company of Bally Sports indicated that it was prepared to step away from broadcasting games of the Angels and all but one other team.

A federal bankruptcy court has the final say, so nothing is definitive for now, and the Angels and Major League Baseball declined to comment. Here are questions and answers about what we do know.

What is happening in court, and what is happening with the Angels?

Bally filed for bankruptcy 19 months ago. Its latest plan to get out of bankruptcy could involve walking away from contracts for all teams besides the Atlanta Braves. It does not preclude other teams from negotiating new contracts that would save Bally millions in rights fees.

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For the Angels, that is Plan A. The team is in discussion with Bally to restructure its current deal. The Angels would surrender some guaranteed revenue in order to avoid the financial uncertainty of a streaming-first future.

If the Angels do not reach a restructured deal with Bally, would I be able to watch the Angels on television next year?

Almost certainly. MLB could deliver the games as it now does for the San Diego Padres, Arizona Diamondbacks and Colorado Rockies: offering a streaming option while cutting deals with cable and satellite companies. As an example, the Padres’ monthly streaming price this year was $19.99.

Could the Angels explore other options?

They could. The Ducks, for instance, are offering a free streaming option as well as 65 free, over-the-air games on Channel 11 or Channel 13. The Ducks are one of several NBA and NHL teams sacrificing revenue — at least in the short term — in exchange for the ability to reach any fan in their local market.

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Where does MLB stand?

Unlike the NBA and NHL, MLB has urged its teams not to take a new Bally’s deal at a significant discount.

MLB long has hoped to launch a national streaming package, provided the league could secure streaming rights for a critical mass of its 30 teams.

The Bally strategy could push MLB in that direction. The plan unveiled Wednesday would free 11 teams from any ties to Bally.

With three other MLB teams recently dropped by another broadcast company, that could give the league the opportunity to market streaming rights to roughly half its teams at once.

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One party that might be interested in those rights: ESPN, for its ESPN+ service. ESPN reportedly is thinking about whether to renew or renegotiate its national MLB package — highlighted by Sunday Night Baseball, the Home Run Derby and wild-card games — and streaming rights could be a lure to retain ESPN.

If the Angels and other teams return to Bally or go elsewhere, that could complicate the MLB plans, depending on the terms of those deals. Generally, regional sports networks offer streaming rights only to subscribers. Last season, five MLB teams — not including the Angels — had granted Bally the rights to stream their games to non-subscribers.

Would the Dodgers be part of a national streaming package?

Almost certainly not. The Dodgers’ record $8.35-billion contract with SportsNet LA extends through 2038.

The Dodgers and other large-market teams that own local cable channels — including the New York Yankees (YES), the Boston Red Sox (NESN) and Chicago Cubs (Marquee) — stand to make much more money on their own. It is unlikely that small-market clubs would agree to pay the billions it would take to buy out the big-bucks teams, even if those teams agreed to entertain a buyout offer.

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What is the Angels’ current television deal?

In 2011, what was then called Fox Sports had lost the Lakers to Time Warner Cable, and the Dodgers’ television rights were about to hit the market. Angels owner Arte Moreno brilliantly leveraged that situation, opting out of a Fox Sports contract worth $500 million and signing a new one worth $3 billion.

That contract, inherited by Bally, remains in effect at the moment. The Angels were owed $112 million in rights fees from Bally in 2023, according to Moreno. The team generated an estimated $407 million in total revenue that year, according to Sportico.

The uncertainty over what might happen to about 28% of the team’s revenue could dampen the amount Moreno might approve in player spending over the coming winter.

What has commissioner Rob Manfred said about teams that have lost their regional sports network?

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“We think that reach is a really important change,” Manfred said at the All-Star Game in July.

“San Diego is kind of the leader in the clubhouse there, approaching 40,000 subscribers, which is a really good number. Having said that, from a revenue perspective, it is not generating what the RSNs did. The RSNs were a great business. Lots of people paid for programming they didn’t necessarily want, and it’s hard to replicate that kind of revenue.”

In 2023, the league guaranteed that any team losing its local television deal would retain at least 80% of the revenue from that deal, with MLB making up any shortfall. Is that guarantee still in effect?

No.

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U.S. Space Force awards $1.6 billion in contracts to South Bay satellite builders

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U.S. Space Force awards .6 billion in contracts to South Bay satellite builders

The U.S. Space Force announced Friday it has awarded satellite contracts with a combined value of about $1.6 billion to Rocket Lab in Long Beach and to the Redondo Beach Space Park campus of Northrop Grumman.

The contracts by the Space Development Agency will fund the construction by each company of 18 satellites for a network in development that will provide warning of advanced threats such as hypersonic missiles.

Northrop Grumman has been awarded contracts for prior phases of the Proliferated Warfighter Space Architecture, a planned network of missile defense and communications satellites in low Earth orbit.

The contract announced Friday is valued at $764 million, and the company is now set to deliver a total of 150 satellites for the network.

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The $805-million contract awarded to Rocket Lab is its largest to date. It had previously been awarded a $515 million contract to deliver 18 communications satellites for the network.

Founded in 2006 in New Zealand, the company builds satellites and provides small-satellite launch services for commercial and government customers with its Electron rocket. It moved to Long Beach in 2020 from Huntington Beach and is developing a larger rocket.

“This is more than just a contract. It’s a resounding affirmation of our evolution from simply a trusted launch provider to a leading vertically integrated space prime contractor,” said Rocket Labs founder and chief executive Peter Beck in online remarks.

The company said it could eventually earn up to $1 billion due to the contract by supplying components to other builders of the satellite network.

Also awarded contracts announced Friday were a Lockheed Martin group in Sunnyvalle, Calif., and L3Harris Technologies of Fort Wayne, Ind. Those contracts for 36 satellites were valued at nearly $2 billion.

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Gurpartap “GP” Sandhoo, acting director of the Space Development Agency, said the contracts awarded “will achieve near-continuous global coverage for missile warning and tracking” in addition to other capabilities.

Northrop Grumman said the missiles are being built to respond to the rise of hypersonic missiles, which maneuver in flight and require infrared tracking and speedy data transmission to protect U.S. troops.

Beck said that the contracts reflects Rocket Labs growth into an “industry disruptor” and growing space prime contractor.

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California-based company recalls thousands of cases of salad dressing over ‘foreign objects’

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California-based company recalls thousands of cases of salad dressing over ‘foreign objects’

A California food manufacturer is recalling thousands of cases of salad dressing distributed to major retailers over potential contamination from “foreign objects.”

The company, Irvine-based Ventura Foods, recalled 3,556 cases of the dressing that could be contaminated by “black plastic planting material” in the granulated onion used, according to an alert issued by the U.S. Food and Drug Administration.

Ventura Foods voluntarily initiated the recall of the product, which was sold at Costco, Publix and several other retailers across 27 states, according to the FDA.

None of the 42 locations where the product was sold were in California.

Ventura Foods said it issued the recall after one of its ingredient suppliers recalled a batch of onion granules that the company had used n some of its dressings.

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“Upon receiving notice of the supplier’s recall, we acted with urgency to remove all potentially impacted product from the marketplace. This includes urging our customers, their distributors and retailers to review their inventory, segregate and stop the further sale and distribution of any products subject to the recall,” said company spokesperson Eniko Bolivar-Murphy in an emailed statement. “The safety of our products is and will always be our top priority.”

The FDA issued its initial recall alert in early November. Costco also alerted customers at that time, noting that customers could return the products to stores for a full refund. The affected products had sell-by dates between Oct. 17 and Nov. 9.

The company recalled the following types of salad dressing:

  • Creamy Poblano Avocado Ranch Dressing and Dip
  • Ventura Caesar Dressing
  • Pepper Mill Regal Caesar Dressing
  • Pepper Mill Creamy Caesar Dressing
  • Caesar Dressing served at Costco Service Deli
  • Caesar Dressing served at Costco Food Court
  • Hidden Valley, Buttermilk Ranch
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They graduated from Stanford. Due to AI, they can’t find a job

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They graduated from Stanford. Due to AI, they can’t find a job

A Stanford software engineering degree used to be a golden ticket. Artificial intelligence has devalued it to bronze, recent graduates say.

The elite students are shocked by the lack of job offers as they finish studies at what is often ranked as the top university in America.

When they were freshmen, ChatGPT hadn’t yet been released upon the world. Today, AI can code better than most humans.

Top tech companies just don’t need as many fresh graduates.

“Stanford computer science graduates are struggling to find entry-level jobs” with the most prominent tech brands, said Jan Liphardt, associate professor of bioengineering at Stanford University. “I think that’s crazy.”

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While the rapidly advancing coding capabilities of generative AI have made experienced engineers more productive, they have also hobbled the job prospects of early-career software engineers.

Stanford students describe a suddenly skewed job market, where just a small slice of graduates — those considered “cracked engineers” who already have thick resumes building products and doing research — are getting the few good jobs, leaving everyone else to fight for scraps.

“There’s definitely a very dreary mood on campus,” said a recent computer science graduate who asked not to be named so they could speak freely. “People [who are] job hunting are very stressed out, and it’s very hard for them to actually secure jobs.”

The shake-up is being felt across California colleges, including UC Berkeley, USC and others. The job search has been even tougher for those with less prestigious degrees.

Eylul Akgul graduated last year with a degree in computer science from Loyola Marymount University. She wasn’t getting offers, so she went home to Turkey and got some experience at a startup. In May, she returned to the U.S., and still, she was “ghosted” by hundreds of employers.

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“The industry for programmers is getting very oversaturated,” Akgul said.

The engineers’ most significant competitor is getting stronger by the day. When ChatGPT launched in 2022, it could only code for 30 seconds at a time. Today’s AI agents can code for hours, and do basic programming faster with fewer mistakes.

Data suggests that even though AI startups like OpenAI and Anthropic are hiring many people, it is not offsetting the decline in hiring elsewhere. Employment for specific groups, such as early-career software developers between the ages of 22 and 25 has declined by nearly 20% from its peak in late 2022, according to a Stanford study.

It wasn’t just software engineers, but also customer service and accounting jobs that were highly exposed to competition from AI. The Stanford study estimated that entry-level hiring for AI-exposed jobs declined 13% relative to less-exposed jobs such as nursing.

In the Los Angeles region, another study estimated that close to 200,000 jobs are exposed. Around 40% of tasks done by call center workers, editors and personal finance experts could be automated and done by AI, according to an AI Exposure Index curated by resume builder MyPerfectResume.

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Many tech startups and titans have not been shy about broadcasting that they are cutting back on hiring plans as AI allows them to do more programming with fewer people.

Anthropic Chief Executive Dario Amodei said that 70% to 90% of the code for some products at his company is written by his company’s AI, called Claude. In May, he predicted that AI’s capabilities will increase until close to 50% of all entry-level white-collar jobs might be wiped out in five years.

A common sentiment from hiring managers is that where they previously needed ten engineers, they now only need “two skilled engineers and one of these LLM-based agents,” which can be just as productive, said Nenad Medvidović, a computer science professor at the University of Southern California.

“We don’t need the junior developers anymore,” said Amr Awadallah, CEO of Vectara, a Palo Alto-based AI startup. “The AI now can code better than the average junior developer that comes out of the best schools out there.”

To be sure, AI is still a long way from causing the extinction of software engineers. As AI handles structured, repetitive tasks, human engineers’ jobs are shifting toward oversight.

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Today’s AIs are powerful but “jagged,” meaning they can excel at certain math problems yet still fail basic logic tests and aren’t consistent. One study found that AI tools made experienced developers 19% slower at work, as they spent more time reviewing code and fixing errors.

Students should focus on learning how to manage and check the work of AI as well as getting experience working with it, said John David N. Dionisio, a computer science professor at LMU.

Stanford students say they are arriving at the job market and finding a split in the road; capable AI engineers can find jobs, but basic, old-school computer science jobs are disappearing.

As they hit this surprise speed bump, some students are lowering their standards and joining companies they wouldn’t have considered before. Some are creating their own startups. A large group of frustrated grads are deciding to continue their studies to beef up their resumes and add more skills needed to compete with AI.

“If you look at the enrollment numbers in the past two years, they’ve skyrocketed for people wanting to do a fifth-year master’s,” the Stanford graduate said. “It’s a whole other year, a whole other cycle to do recruiting. I would say, half of my friends are still on campus doing their fifth-year master’s.”

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After four months of searching, LMU graduate Akgul finally landed a technical lead job at a software consultancy in Los Angeles. At her new job, she uses AI coding tools, but she feels like she has to do the work of three developers.

Universities and students will have to rethink their curricula and majors to ensure that their four years of study prepare them for a world with AI.

“That’s been a dramatic reversal from three years ago, when all of my undergraduate mentees found great jobs at the companies around us,” Stanford’s Liphardt said. “That has changed.”

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