00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Major broadcast station owners urged U.S. regulators to address big tech's growing
00:06acquisition of live sports rights, warning it could weaken local TV news, according to Reuters.
00:11Companies filed comments with the Federal Communications Commission as it reviews the
00:15shift of sports from free broadcast TV to pay TV and subscription services.
00:20Fox said free TV viewers could lose access to events like the World Series, NFL Games,
00:24and the Olympics as tech platforms expand rights deals.
00:27Sinclair said the loss of live sports would harm local journalism.
00:31The FCC noted more events now sit behind streaming paywalls, while sports rights deals have surged
00:35to more than $10 billion per year.
00:37The NFL said more than 87% of its games remain on free broadcast TV.
00:41For all things money, visit Benzinga.com.
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