Sworn statements from Pac-12 executives illuminate a scandal that had been kept private for nine months.
The future of the Pac-12 hinges, in part, on the two remaining and 10 departing schools gaining clarity on the conference’s assets and liabilities.The conference is taking a $72 million budget hit as a result of the Comcast overpayment scandal, according to commissioner George Kliavkoff’s court declaration in a lawsuit filed against the conference by two former executives.
Under penalty of perjury, Kliavkoff stated “the Pac-12 will distributed more than $72 million less than previously budgeted … to our member institutions.”— Distributions withheld by Comcast to offset 10 years of overpayments based on the company’s flawed tracking of Pac-12 Networks subscribers. That total is $58 million.
Multiple sources said the emergency reserves — a potential asset for the Cougars and Beavers if they attempt to rebuild — are fully exhausted.Sworn statements from Shuken, Willman and Kliavkoff illuminate the nuts and bolts of the fiasco that had previously been kept from public view because of litigation and non-disclosure agreements with Comcast.
The audit showed Comcast was overpaying the Pac-12 Networks by $5 million annually, but the conference had no way to confirm the findings because it lacked access to Comcast’s proprietary subscriber data. Shuken became president of the Pac-12 Networks in August of 2017, nine months after the conference commissioned the audit.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
27 Best Prime Day Deals Under $50 Fall 2023Because there’s no reason to spend over $50 on something later when you could spend under $50 on it now.
Weiterlesen »
Best men's shoe deals of Amazon's October Prime Day: New Balance to HOKAWe found deals up to $50 off boots and sneakers.
Weiterlesen »
This super small Keurig coffee maker is only $50 for Prime DayIf you like to drink coffee in the morning, every morning, you're not alone. Get the Keurig K-Mini Plus Single Serve K-Cup Pod Coffee Maker at $50 right now.
Weiterlesen »
Restaurants with bottomless mimosas now charging $50 'vomit fees'Some brunch spots with bottomless mimosas are tacking on extra cleaning fees for patrons who get sick in their establishments.
Weiterlesen »
The new Apple Watch Ultra 2 just received a rare $50 discount for Prime DayApple’s just-released Watch Ultra 2 is on sale via Amazon as part of the Prime Day shopping event. You can pick one up for $750, which represents a savings of $50.
Weiterlesen »
These are the top 50 under $50 deals you can still get during Amazon Prime DayTony Ware is the Associate Managing Editor for PopSci.com (and PopPhoto.com). He’s been writing about how to make and break music since the mid-’90s when his college newspaper said they already had a film critic but maybe he wanted to look through the free promo CDs. Immediately hooked on outlining intangibles, he’s covered everything audio for countless alt. weeklies, international magazines, websites, and heated bar trivia contests ever since. He currently lives in Northern Virginia with his p
Weiterlesen »