University of Texas Signs $300 Million Deal With ESPN
Nov. 4, 2011
Nov. 3 (Bloomberg) -- Bloomberg's Michele Steele reports on ESPN's agreement with the University of Texas at Austin to let the Walt Disney Co. network build a channel around the school's sports.
UT-Austin President Bill Powers signed a 40-year contract with ESPN that guarantees an average $15 million a year for 20 years. Bloomberg's Betty Liu also speaks. (Source: Bloomberg)