Tuesday, November 15, 2011

Galaxy jumping to Time Warner Cable in $55-million deal

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The Galaxy has reached a broadcast agreement to jump from Fox Sports West to Time Warner Cable’s fledgling regional sports channels –- one in English, one in Spanish.

 The 10-year deal is valued at $55 million for an undetermined number of the games. The Galaxy said it will lose money this season despite advancing to Sunday’s Major League Soccer championship game with the league’s best record.

The value of the regional contract dwarfs the three-year, $30-million contract between MLS and NBC.

An official announcement of the deal was scheduled for Friday outside team owner AEG's offices at L.A. Live.

Although the Galaxy has been the league’s marquee franchise since signing David Beckham before the 2007 season, it has not been a ratings winner for FSW, never drawing more than 16,000 homes -– a .28 rating. In the last few years, ratings have dropping as low as .11%.

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