Here’s part of the story from TBJ…I’ll have much more on this story, and it’s impact on the conference, later today.
ESPN won the TV rights to ACC football and basketball in a bidding competition with Fox Sports that was surprisingly close, industry sources say, and as a result made the conference several million more dollars.
The back-and-forth bidding, which reached its final stages last week at the league’s spring meetings in Amelia Island, Fla., drove up ESPN’s rights fee from initial projections of about $120 million a year to $155 million, sources said, providing the ACC with more than double the revenue it was receiving from its previous football and basketball contract.
Read more: ESPN outbids Fox for ACC television rights – Triangle Business Journal: