Fox, NBC and CBS are close to reaching eight-year extensions of deals with the National Football League, which could earn about $3.2 billion a year from the broadcast partners, reports The Wall Street Journal. (Please note The WSJ is behind a paywall and not all readers may be able to access the story.)
The agreements illustrate how valuable the NFL franchise is to broadcasters, which rely on the telecasts to maintain their audiences at a time when viewers have an increasing number of options, the story notes.
The deals would last through 2021, the story adds. With additional agreements with ESPN and DirecTV, the NFL could receive annual media fees of about $6 billion, the story adds. The sports league declined to comment.
The NFL and its media partners are aiming to complete the agreements before the holidays, the story adds.