Bobodeluxe said:
"The Pac-12 on Friday terminated the employment of two senior executives, including the president of the Pac-12 Networks, for failing to disclose overpayments by a media distribution partner to the networks that made the annual revenue appear more robust than it was."
What's $50 million amongst friends?
Yup. The presidents and chancellors foolishly paid no attention, even though, by 2016, they knew enough to know that, at the very least, Larry and anyone hired by Larry should have been very closely scrutinized.Big Dog said:
I have no doubt that Larry Scott also had knowledge.
The Board's Audit Committee was asleep, as such an amount should have been footnoted, or at least flagged as a future payable/debt.
It is not good news for the conference from a financial standpoint. Those $$$'s will need to be paid back. Probably with interest. Also, that means going forward they aren't going to have those revenues. Don't know that it will have any effect on the media negotiations. https://t.co/qzLSS0KT6r
— Bob Thompson (@rltsports) January 21, 2023
Nothing will happen in 2023 as that falls under the current TV contract. PAC 12 Network likely won't exist in 2024.BearoutEast67 said:
I just need them to figure out how to get more games on TV before September 2023. Sling is a terrible, low tech platform that I can't see myself using again.
So they charge you to subscribe and then force you to watch commercials? How is the stream? Find someone with comcast and use their sign on id. Thats what I do. Until this year they stream has been unreliable. Seems ok this year.acalfan said:
Yeah, Sling is terrible. I had cut Comcast last year and decided to get Sling just for the few football season months. It's ridiculous that you can't fast forward a DVRed game commercial breaks, and it just forces it back to the beginning of the commercial.
acalfan said:
The Sling stream itself (if you are just watching live) is fine. For me, it's mainly the DVR type features that suck.
Coming from a TiVo, I used to start watching 30-60 min in and then just skip all the commercials until you get live near the end. Due to being such a big fan of TiVo, I kept Comcast for way longer than I really should have, but it just didn't make sense to keep it yearly for a few pac 12 network games a year, especially since I had already moved to more reliable fiber internet.
Youtube TV DVR is a lot better in that it doesn't restrict you as much. The only issue I have with it is that it doesn't have pac-12 network, and if you travel and try to watch a local game live, it will often force you to wait until the event is over (probably due to the same sorts of negotiations with the networks).
Larry Scott and the two guys who were just fired have a helluva lot of explaining to do. They should do it under oath while being examined by some damn good attorneys.okaydo said:
The gist is, per Wilner, that Comcast was paying $5 million more per year over 10 years.
But the Pac-12 thought Comcast was underpaying so they ordered an audit, which found that they were overpaying .... in 2017.
https://www.mercurynews.com/2023/01/24/pac-12-financial-mess-clarity-emerges-as-comcast-overpayment-took-executives-by-surprise/
Keep digging Jon! A theory on why Comcast discovered in Oct. Dish is sued in Oct by Pac-12 over pandemic rebates and other withheld payments. Comcast decides to look at this because if Dish thinks they can do this maybe we can too. They do an audit. Uncover the overpayments. https://t.co/IKvKEx95Lc
— Bob Thompson (@rltsports) January 24, 2023
It may be worth a look by outside counsel, but the individual Uni Presidents were all-in with Larry and his direction/decisions, so any investigation would just make them look bad. Moreover, what what the Audit Committee doing? Which Presidents spoke to the p12 Audit Committee?MilleniaBear said:
I think the Pac12 should try to get some of the salary that they were paying Larry Scott back. They definitely did not get their moneys worth.
