UPDATE: NASCAR President Steve Phelps commented on the media rights’ deal at Friday’s State of the Sport Press conference:
“One thing I want to talk to right up front, I’m sure there may or may not be a question on this, is where we stand with our media rights. Our media rights, the amount of interest in attaining our media rights for ’25 and beyond exceeded our expectations.
It is our expectation that not only having a great result with the CW with our Xfinity Series, and what’s going to be an incredible 33-race schedule on broadcast television, we believe that we’re going to have a very strong result with media partners that will look at a combination of broadcast, cable and streaming to some degree.
What that looks like, I don’t know. Are we getting towards the end of this process? We are. Did I think we would have a result earlier? I did. But we haven’t. It’s an incredibly competitive marketplace.
With that said, I want to assure all our race fans, anyone who is listening, certainly the media corps here, we have had tremendous interest in our sport from a media rights standpoint.”
— NASCAR —
ORIGINAL POST: One property Fox is not ready to move on from is NASCAR. The stockcar racing circuit has deals with Fox and NBC through next year. Murdoch made clear Fox is quite happy with the American circuit.
“We‘re currently in, I think, the final stages of a very constructive negotiation for our NASCAR renewal, we‘d look forward to continuing that, that partnership with NASCAR,” he said. “It‘s been a great partnership for many years, and, and obviously, you know, NASCAR exceeds our expectations into from, from a ROI point of view.”
— Awful Announcing —