The memo arrived out of the blue. On Jan. 22, NBC Sports Group chairman Pete Bevacqua told employees that NBC Sports Network, a cable channel launched in 1995 and available in some 80 million U.S.
homes, would shut down by the end of this year. The major sporting events that ran on the channel, including NHL hockey games and NASCAR races, would move to Peacock, NBCUniversal’s new streaming service, and USA Network, the company’s largest cable channel.
But while NBCU may be the first company to make the difficult choice to shut down one of its widely distributed channels in 2021, it won’t be the last.
Over the coming months and years, every major entertainment giant will face the dilemma. “I think that you are going to see consolidation.
Read more on hollywoodreporter.com
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