5 Stocks Wishing for a Hockey Season

Think no one cares about the NHL lockout? Think again

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5 Stocks Wishing for a Hockey Season

Comcast

Comcast185 5 Stocks Wishing for a Hockey SeasonBack in the spring, NBC — owned, of course, by Comcast (NASDAQ:CMSCA) — signed a 10-year, $1.8 billion deal with the NHL for TV rights to pro hockey, including the always-popular Winter Classic.

Part of that agreement? Comcast will still pay the league about $180 million of rights fees even if no games are played — but would get a free year at the back end of the agreement.

That might be an alright deal for Comcast in the long run, if the price of rights fees increases. But in the immediate future, it’s hardly good news. Both the NHL Sports Network (formally Versus) and NBC are being forced to replace the slated hockey games with other less-popular events, including rebroadcasts of the Olympics.

On top of that, Comcast also has a 63% stake in the parent company of the Philadelphia Flyers, and it owns other smaller businesses related to the hockey team.


Article printed from InvestorPlace Media, http://investorplace.com/2012/11/5-stocks-wishing-for-a-hockey-season/.

©2014 InvestorPlace Media, LLC

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