Monumental Sports and Entertainment buys NBC Sports Washington
Monumental Sports and Entertainment, (MSE), the owner of the Wizards, Capitals, Mystics and Capital One Arena, has purchased its television partner NBC Sports Washington, reports WTOP.
Since the area’s Major League Baseball teams — the Nationals and Orioles — are carried by the Mid-Atlantic Sports Network, the majority of NBCSW’s programming already focused on Monumental’s teams, adds the WTOP report.
MSE’s Founder, Chairman, Principal Partner and Chief Executive Officer is Ted Leonsis, above, who, states MSE, is an Internet industry pioneer who helped build AOL into a global phenomenon.
MSE already held a 33% stake in NBCSW and currently operates the streaming service Monumental Sports Network. In 2016, MSE signed a long-term partnership with the company, then known as CSN Mid-Atlantic, that covered the exclusive regional network television rights to the games of the Capitals and Wizards, states WTOP.
“We at Monumental Sports & Entertainment are incredibly excited to have reached an agreement to acquire NBC Sports Washington, an important business for our current and future core business operations,” said Zach Leonsis, Monumental’s president of media and new enterprises.
More here.
Photo: Monumental Sports & Entertainment
