re: Pac-12 zooms past Big Ten, SEC in college sports revenue

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They own all their network, correct?

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Correct

100% of carriage + 100% of advertising.

Of all the Big 5 they have the biggest upside by the time contracts renegotiate around 2024. Having only 12 teams also means fewer slices of the pie. Unlike the B12, they have a solid footprint with growing states, a natural moat, and monopoly pricing power.