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Yahoo
11 minutes ago
- Yahoo
NBC Sports, USA, Golf Channel will keep U.S. Open, U.S. Women's Open through 2032
As expected, the U.S. Golf Association's contract with NBCUniversal has been extended, according to a release sent on Tuesday. Back in 2020, the USGA moved its media rights from Fox Sports to NBCUniversal, a move that ended a 12-year deal with Fox Sports worth about $1 billion. With the deal set to run through the end of 2026, there was speculation that Netflix and others might try to swoop in and snag the coveted viewership, but that sped up talks to close the deal. The new deal will run through 2032. 'We're incredibly proud of the partnership we've built over the years with NBCU and VERSANT, and we're equally excited to continue building on that legacy through our shared passion and dedication – alongside people we're proud to call our friends,' USGA CEO Mike Whan said in the release. 'The value NBCU and VERSANT place on the USGA brand is evident, and this agreement enables the USGA to further advance our mission to positively impact the game, while providing the most expansive coverage and broadest reach to showcase USGA championships.' Here's more from the release: NBC will be the exclusive broadcast home of the U.S. Open, U.S. Women's Open and U.S. Senior Open. The U.S. Open will continue to have the most broadcast hours of any major championship – a minimum of 25 – and will further cement its legacy with an additional hour of primetime coverage on NBC each year on Thursday and Friday. Peacock will simulstream all USGA programming airing on NBC and will provide exclusive streaming coverage of the U.S. Open and U.S. Women's Open. As part of the agreement, VERSANT, the new independent media company set to be spun out from Comcast Corporation, has also acquired media rights to the USGA championships for USA Network and Golf Channel through 2032. USA Network will provide coverage of the U.S. Open and U.S. Women's Open, while Golf Channel will carry coverage of the U.S. Senior Open, U.S. Senior Women's Open, U.S. Amateur, U.S. Women's Amateur, U.S. Junior Amateur, U.S. Girls' Junior, U.S. Adaptive Open, Walker Cup and Curtis Cup. The new elements of the agreement will begin in 2027 following the conclusion of the current agreement in 2026. The release said the following will be part of the deal: 48 hours of U.S. Open coverage, including 25 hours on NBC (33 when on the West Coast); an increase of four hours of NBC coverage on Thursday/Friday (for a total of five hours per day, including two in primetime, one each day); combining to deliver more broadcast network coverage than any other major championship; 27 hours of U.S. Women's Open coverage, including seven weekend hours on NBC; 18 hours of U.S. Senior Open coverage, including six weekend hours on NBC; 15 hours of coverage for both the U.S. Amateur and U.S. Women's Amateur and continuing coverage of the U.S. Junior Amateur, U.S. Girls' Junior, U.S. Adaptive Open and U.S. Senior Women's Open; 12 hours of coverage for the Walker Cup (played over two days) and 16 hours of Curtis Cup coverage (contested over three days) when played in the U.S. Golf Channel's Live From studio show will deliver comprehensive pre-championship and post-round coverage on-site at the U.S. Open and U.S. Women's Open each year and will continue to deliver its coast-to-coast 'election-night' style coverage surrounding U.S. Open Final Qualifying known as 'Golf's Longest Day.' Netflix had bid for the rights, after ESPN, CBS and Warner Bros. Discovery inquired, but the NBCUniversal extension seemed the most logical route. The network has been working with the USGA since 1995, with a break from 2014-2020. 'The USGA has been an important partner of ours for most of the last 30 years and we're extraordinarily proud of our relationship with their leadership team,' said Rick Cordella, president, NBC Sports. 'We have built something incredibly special with the U.S. Open on NBC. We look forward to further advancing and enhancing our coverage of the U.S. Open, U.S. Women's Open and U.S. Senior Open across NBC and Peacock through 2032.' 'We're proud to partner with the USGA and present coverage of 11 USGA championships across USA Network and Golf Channel,' said Matt Hong, president of sports, VERSANT. 'The USGA championships represent some of the most prestigious events in all of golf. USA Network's reach and Golf Channel's reputation as the television home of the sport are ideal platforms to bring the USGA championships to golf fans across the country.' This article originally appeared on Golfweek: NBC signs extension with USGA to keep rights to U.S. Open and more
CNBC
13 minutes ago
- CNBC
Fed board contenders Miran, Bullard say Trump's tariffs are not causing inflation
Two economists who are figuring in prominently for vacancies at the Federal Reserve said Tuesday they don't believe tariffs cause inflation, a view that would be in line with President Donald Trump's desire for the central bank to cut interest rates. In separate CNBC interviews, Stephen Miran and James Bullard rejected the idea espoused by many non-White House economists that the duties will lead to longer-term higher prices. Trump has tapped Miran to fill out the remaining few months of the term of former Governor Adriana Kugler, who left the position Friday. Bullard's name has surfaced in reports this week as being one of at least a half dozen contenders to fill Chair Jerome Powell's seat when his term expires next May. Bullard also is a former St. Louis Fed president. Both did not commit to how they would vote on interest rates. However, they praised Trump's pro-growth agenda and also made comments in line with the president's stand that inflation is not a problem. "There just still continues to be no evidence whatsoever of any tariff-induced inflation," said Miran, chair of the White House Council of Economic Advisers. "Lots of folks who were expecting ... doom and gloom, it just hasn't panned out, and it continues to not pan out for them." The comments came after the Bureau of Labor Statistics reported that inflation as measured by the consumer price index was at 2.7% for July, still above the Fed's 2% target but a shade below Wall Street expectations. Bullard said data continues to show that Trump's aggressive tariffs have not led to inflation. He predicted the rate-setting Federal Open Market Committee would begin cutting in September and likely lop off a full percentage point from its benchmark interest rate over the next 12 months, which he said would get the rate "close to" neutral. "The committee put their rate-cut program on pause when the tariff situation arose six months ago, and now you have six months of evidence," he said. "I don't really think tariffs cause inflation. Taxes don't cause inflation. So what you're seeing in the data is very muted effects that are one-time increases in the price level." Both Miran and Bullard also stressed the importance of Fed independence, an issue that has been tested during both Trump terms as he has publicly and aggressively berated policymakers for not lowering. After the CPI data, Trump again took to Truth Social to repeat his attacks on Powell and his demand for easing. The president has said the Fed should cut by 3 percentage points. "The damage [Powell] has done by always being Too Late is incalculable," Trump wrote. "Fortunately, the economy is sooo good that we've blown through Powell and the complacent Board." Bullard said Trump "is entitled to his views." "He's got long experience in real estate markets. It's all about borrowing money at the lowest rate possible," Bullard said. "Good for him. He's got views, but a lot of people have views, and you know, if you don't want to hear that, this is probably the wrong job."
Yahoo
41 minutes ago
- Yahoo
Versant Keeps Golf Links After NBCU Split
The U.S. Golf Association will help the new media company known as Versant keep swinging into sports after it is spun off from NBCUniversal. USA Network and Golf Channel will get rights to present live coverage of 11 USGA championships through 2032 — including the U.S. Open and U.S. Women's Open — featuring live event and studio coverage of the championships across the networks struck under a new deal that is unveiled at the same time as a USGA renewal with NBCU. More from Variety Versant Hires Paramount's Erin Calhoun and MLB's Steve Arocho as Communications Executives Hulu Sale Boosts Comcast Q2 Despite Cord Cutting, Ad Sales Downturn Meghan Rafferty, 'NBC Nightly News' EP, to Join Versant Under terms of the new deal, USA will present about 35 hours of live U.S. Open and U.S. Women's Open coverage each year. Golf Channel will carry expanded live coverage of the USGA championships, serving as the exclusive home of the U.S. Amateur, U.S. Women's Amateur, U.S. Junior Amateur., U.S. Girls' Junior., U.S. Senior Women's Open, U.S. Adaptive Open, Walker Cup, and Curtis Cup. NBCUniversal's new rights deal with the USGA also lasts through 2032, with the NBC broadcast network continuing to serve as the exclusive broadcast home of the U.S. Open, U.S. Women's Open, and U.S. Senior Open. The Versant spin off is expected to take place between late 2025 and early 2026. NBCU initially won the USGA rights in 2020 after the golf group broke up with Fox Sports, which was unable to come up with hours for telecasts after schedule shifts prompted by the coronavirus pandemic. 'We're incredibly proud of the partnership we've built over the years with NBCU and Versant, and we're equally excited to continue building on that legacy through our shared passion and dedication – alongside people we're proud to call our friends,' said USGA CEO Mike Whan, in a prepared statement. 'The value NBCU and Versant place on the USGA brand is evident, and this agreement enables the USGA to further advance our mission to positively impact the game, while providing the most expansive coverage and broadest reach to showcase USGA championships.' The pact shows Versant working to maintain sports contracts its networks have held for years. USA is still home to some WWE broadcasts, and both USA and CNBC have served as home to dozens of hours of Olympics contests. The new elements of the agreement will begin in 2027 following the conclusion of the current agreement in 2026. USA Network began its coverage of the USGA championships in 2022 with the U.S. Open and U.S. Women's Open. Meanwhile, Golf Channel first presented live coverage of the USGA championships in 1995 — the year it launched as the first single-sport cable network in television history. Best of Variety New Movies Out Now in Theaters: What to See This Week What's Coming to Disney+ in August 2025 What's Coming to Netflix in August 2025
