The conference fired its CFO and the president of the Pac-12 Networks on Friday.
A day later, we can only sketch the latest extraordinary situation to whack the Pac-12.have been terminated: CFO Brent Willman and Pac-12 Networks president Mark Shuken.
That might be the only sliver of good news for the conference in this matter. Two highly-influential media companies that stand to play a critical role in the future of the conference — by potentially partnering with the Pac-12 on a media rights contract — were not impacted by the impropriety of the past.— “In the spring of 2017, the Pac-12 Networks engaged the industry-leading auditor to conduct an audit of certain distribution partner payments.
The partner claims the overpayments totaled $50 million, but that is only a claim at this point. The real total could be slightly or significantly different.— What prompted the networks to seek the initial audit, by the “industry-leading” firm, in the spring of 2017? Was that simply part of a routine practice? Was there something amiss?
The other question, of course, is the disclosure piece: Who else knew? Or did Shuken and Willman keep the situation to themselves?
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