Dodgers announce $8 billion TV deal with Time Warner
The Los Angeles Dodgers and Time Warner Cable officially announced joint television deal Monday.
It is believed to be worth about $8 billion over a 25-year period.
Time Warner will launch a new network called SportsNet LA after the 2013 season.
"We concluded last year that the best way to give our fans what they want -- more content and more Dodger baseball -- was to launch our own network," Dodgers chairman Mark Walter said in a statement.
Dodgers CEO Stan Kasten said in a statement: "The launch of the new regional sports network is a historic development for the Dodgers and our passionate fans. Our commitment from day one has been to build the Dodgers into the best team possible, both on and off the field. Our fans deserve the best -- the best players, the best baseball, and the best experience -- whether that's at the newly renovated Dodger Stadium or on television.
"Our mission is to have the most fan-friendly sports programming, and we welcome ideas and suggestions from our Dodger Community. We look forward to sharing updates with fans in the coming months."
The Dodgers currently broadcast on Fox Sports.
The new deal is pending approval from Major League Baseball because of revenue-sharing issues, according to the Los Angeles Times.
