Connect with us

News

Deadline looms for Warner Bros Discovery with NBA broadcasts on the line

Published

on

Deadline looms for Warner Bros Discovery with NBA broadcasts on the line

Stay informed with free updates

Warner Brothers Discovery has until Monday to match proposals for purchasing the next round of broadcast rights to the US National Basketball Association, which are set to more than double in value to roughly $75bn over 11 years.

The negotiation between the league and media company, whose TNT network has aired NBA games since the 1980s, has become a referendum on the future of live sports rights. For WBD the stakes are high: it is at risk of losing its cornerstone live sports programming amid changes in the broader media landscape.

Last week NBA team owners approved proposals from Disney, Amazon Prime Video and Comcast’s NBC for broadcast rights beginning with the 2025-26 season. WBD’s current contract gives it a chance to match any third-party offers — in this case, those from Amazon and NBC. It has until Monday evening to furnish its own proposal. 

Advertisement

People familiar with the discussions, which are ongoing and subject to change, told the Financial Times the definition of what terms constitute a “matching offer” is complex in the current landscape, as traditional cable and linear companies compete directly with tech platforms.

In this case, WBD is more likely to target the proposal by Amazon, the people said, in part because the $1.8bn average annual value for its proposed rights is closer to the $1.2bn per year WBD pays now. The proposal from NBC is worth roughly $2.5bn per year.

It is unclear what could happen next, depending on WBD’s response. One person familiar with the process stressed that WBD would match one of the offers or not, but “this is not a bidding war”.

A spokesperson for TNT Sports said the company had received the proposals from the NBA and was “preparing a response in view of our matching rights”. The NBA, NBC and Amazon all declined to comment.

People familiar with the league and WBD agreed that dollar figures would not be the only criterion evaluated for determining who will prevail. Adam Silver, the NBA commissioner, said last week the league’s goals in negotiating the next round of media rights were partly economic and partly fan services, including offering a mix of broadcast and streaming options as well as international capabilities.

Advertisement

“That’s something that we’ve been very focused on in these deals, not just reach in the United States but reach globally as well,” Silver said, adding that details needed to be worked through “with existing partners” before the contracts could be finalised.

One point the stakeholders are quibbling over is the size and reach of streaming platforms. Amazon Prime Video has more than 200mn monthly viewers as of last year, while WBD’s direct-to-consumer streaming has reached nearly 100mn subscribers through the first quarter of 2024. That includes Max, where US viewers were able to watch simulcasts of NBA games on TNT this season.

A person familiar with WBD noted the disparities between the two companies’ streaming subscriber bases but said any assessment of the NBA rights in question — for domestic US distribution — should be limited to domestic comparisons.

The discussions come at a critical time for WBD, whose executives have weighed a potential break-up of the company as it contends with a $39bn net debt load. Its market capitalisation has fallen by a third to $20.8bn over the past year. 

Those circumstances, particularly the market capitalisation, are a consideration for the league, one of the people said. 

Advertisement

People on all sides of the negotiations stressed “unknowns remain unknown”, as one person put it — meaning the final rights contracts will not be determined until WBD submits its counterproposal. When all is said and done, however, the overall value of the rights package is set to double, in a reflection of how important live sports are to keeping cable and streaming subscribers.

Analysts at MoffettNathanson wrote this spring that “having the NBA has been a significant source of leverage in driving [affiliate] rates for TNT and across WBD’s broader linear portfolio”.

Some of TNT’s A-list talent have also been outspoken about wanting to keep NBA games on the network, including Hall of Famer Charles Barkley, a co-host of the company’s flagship basketball programme, Inside the NBA. In interviews in recent months, he has criticised WBD chief executive David Zaslav for publicly equivocating over the decision to keep the rights.

“When we merged [with Discovery in 2022], that’s the first thing our boss said, ‘we don’t need the NBA’,” Barkley said on The Dan Patrick Show in May. “Well, he don’t need it, but the rest of the people [on TNT], we need it.”

Advertisement

News

Former Olympian pleads not guilty in reflecting pool vandalism charges

Published

on

Former Olympian pleads not guilty in reflecting pool vandalism charges

Former U.S. Olympian David Hearn (left) walks with his attorney Norman Eisen to speak to reporters and protesters gathered after his arraignment at the Superior Court of the District of Columbia in Washington, D.C. on Thursday.

Finn Gomez/Getty Images


hide caption



toggle caption

Advertisement

Finn Gomez/Getty Images

Former U.S. Olympic canoeist David Hearn pleaded not guilty to damaging the Lincoln Memorial Reflecting Pool in D.C. Superior Court Thursday morning.

Federal prosecutors charged Hearn with a single count of destruction of property causing more than $1,000 in damage to the pool.

Hearn has previously claimed, which his attorneys repeated during a short press conference outside the court, that he simply touched the water in the pool out of curiosity.

Advertisement

The Trump administration had just completed a $14 million renovation of the pool.

But shortly after the work finished, peeling paint and algae gathered in the water. The remodel has been largely criticized as a massive failure and waste of taxpayer dollars.

Superior Court Judge Carmen McLean released Hearn on his own recognizance. His next hearing is scheduled for Aug. 5.

Norm Eisen, one of Hearn’s attorneys, spoke to reporters outside of court following the hearing. He said the administration is using Hearn as a “scapegoat … for their own failures.”

“It is not a crime to touch the reflecting pool, to touch water in the United States of America,” he said.

Advertisement

Prosecutors say there is a host of evidence against Hearn.

This is a developing story.

Continue Reading

News

Three more people charged with damaging Reflecting Pool after Trump’s multimillion-dollar restoration | CNN Politics

Published

on

Three more people charged with damaging Reflecting Pool after Trump’s multimillion-dollar restoration | CNN Politics

Three more people have been criminally charged with destruction of property at the Lincoln Memorial Reflecting Pool.

Officers say they detained Cameron Thiers, Sophie Dennison-Gibby and Justin Carreno one Saturday afternoon in June and described in court documents witnessing them peeling and removing pieces of blue paint from the Reflecting Pool.

One officer “witnessed Carreno reach down into the reflecting pool and pull up a piece of the blue paint,” according to the court documents.

The officer who detained Dennison-Gibby “found 1 additional piece of the reflecting pool liner” in her purse, the documents said.

All three incidents were recorded on the officers’ body worn cameras, they said in the court documents.

Advertisement

Several “partnering law enforcement agencies assigned to the Reflecting Pool” working with US Park Police were involved in detaining the two men and one woman — including officers from Texas, Oklahoma, Montana and California.

One of the officers said in court documents that Thiers “admitted to removing a piece of blue sealant from the Reflecting Pool and still had it in his hand when I made contact with him.”

The three defendants were arraigned in court Wednesday and pleaded not guilty to the misdemeanor charges of destruction of property with a value less than $1,000. The judge ordered them to stay away from the Reflecting Pool.

Lawyers for Thiers and Dennison-Gibby declined to comment. CNN has reached out to Carreno’s attorney.

If found guilty of destruction of property, the defendants could be fined up to $1,000 and face a maximum of 180 days behind bars.

Advertisement

The New York Times first reported that three additional people had been charged with damaging the Reflecting Pool.

President Donald Trump has repeatedly claimed that vandals caused major damage to the pool by gashing the lining after his administration spent more than $14 million on renovations, though he has not provided evidence to support that claim. The officers who charged Carreno, Thiers and Dennison-Gibby did not accuse them of gashing the lining.

Former Olympic canoeist David Hearn was indicted by a grand jury in Washington, DC, last week for allegedly damaging the Reflecting Pool. Hearn — unlike Carreno, Thiers and Dennison-Gibby – was charged with destruction of property with a value of more than $1,000 which carries a maximum penalty of 10 years in prison, if convicted. He is set to be arraigned in court Thursday.

Crews began draining the Reflecting Pool over the weekend to make repairs, according to Interior Secretary Doug Burgum, for the second time in three months.

The move comes after weeks of problems – algae blooms, green-hued water, a chipping bottom and the administration’s allegations of vandalism – that have plagued the iconic landmark, making its woes the subject of national interest.

Advertisement
Continue Reading

News

Supreme Court financial disclosures reveal how their books add to their income

Published

on

Supreme Court financial disclosures reveal how their books add to their income

Supreme Court Justice Amy Coney Barrett speaks at the Reagan Library on Sept. 9, 2025, in Simi Valley, Calif. Barrett discussed and signed copies of her new book, Listening to the Law: Reflections on the Court and Constitution.

Mario Tama/Getty Images


hide caption



toggle caption

Advertisement

Mario Tama/Getty Images

Even as the Supreme Court was handing down one legal thunderbolt after another last week, the justices were quietly releasing their annual financial reports. Justice Samuel Alito was the only sitting justice to request an extension, which he has done for 15 years. The disclosures do not give a complete account of the justices’ total income and wealth, but they give insights into their concertgoing, guest professorships and even their involvement in youth sports.

In addition to their salaries, much of the justices’ reported income came from their book deals. Justice Ketanji Brown Jackson led the pack earning more than $1.1 million last year for a total of roughly $4 million since her memoir, Lovely One, was published in 2024.

Justices Sonia Sotomayor, Neil Gorsuch, Amy Coney Barrett and retired Justice Anthony Kennedy also reported income from published books. Earnings from their books ranged from $849,000 for Barrett, to $300,000 for Gorsuch and $88,000 for Sotomayor, whose books include her 2013 autobiography and five children’s books. Justice Clarence Thomas, who previously earned $1.5 million for his 2007 memoir, listed no publisher payments last year, and Justice Brett Kavanaugh, one of 13 co-authors of a 2016 legal treatise, also received no payments last year. Kavanaugh is said to be working on a memoir but he listed no payments for the anticipated book. Alito does have a book coming out in the fall, but with his financial report still outstanding, there is no data on how much he was paid for the work in 2025.

Advertisement

The only two sitting justices who have not written books are Chief Justice John Roberts and Justice Elena Kagan.

Many justices also earned income from teaching at law schools. Roberts reported income from New England Law, located in Boston, and Gorsuch reported teaching income from George Mason University in Virginia. Thomas taught classes at Catholic University in Washington, D.C., and Barrett and Kavanaugh taught at Notre Dame Law School. Barrett graduated from the school and began teaching there 23 years ago; Kavanaugh has family connections to Notre Dame.

Continue Reading
Advertisement

Trending