News Summary

• It's been roughly 45 days since negotiations began around a revision of the network's rights deal with the NFL.
• Execs at rival outlets have said that they’re no longer entirely convinced that the NFL’s contractual trump card—i.e., its change-of-ownership provision—may prove to be sufficient incentive for CBS to commit to a $1 billion price hike.
• If the NFL were to exercise its early opt-out with CBS it would then have to find a replacement outlet for all that Sunday afternoon inventory.