Bobcats shutting down regional sports network
The Charlotte Bobcats the NBA team owned by BET founder Robert Johnson have decided to shut down its regional sports network C-SET after less than a year on the air. Since it's launch the network has had difficulty attracting an audience and advertising revenue.
C-SET has lost more than $15 million since its launch in October 2004. Bobcats President Ed Tapscott said at a press conference Tuesday that financial deficits played a role in the decision to close the network, which signs off on June 30, 2005.
The Bobcats were hampered by C-SET because most fans in the Charlotte area were unable to watch the majority of the team's games on TV. Twenty of the network's 45 employees will lose their jobs but the remaining employees will be part of a broadcast division overseeing production and sales for TV and radio broadcasts.
Industry experts say the Bobcats suffered at the gate, in part, because the majority of games aired on C-SET and not free TV last season.
Let's Inspire Success, Ownership, and Financial Independence!
As the world faces unprecedented challenges, one thing remains clear: the power to shape our own destiny lies within our hands. At BlackEntrepreneurProfiles.com, we are committed to fostering a brighter future for individuals of African descent worldwide through entrepreneurship and financial empowerment.
Together, let's pave the path to success! Your contribution matters. Donate today and be a catalyst for change.
Latest News & Articles
-
Elon Musk is Richer Than Most African and Caribbean Economies
Created by BlackEntrepreneurProfiles.comWhat happens when you compare the owner of SpaceX to the GDP of South Africa, Jamaica, or St. Vincent? The results are shocking. Discover the massive…
-
Elon Musk Cancels Partnership for Don Lemon's X Show
Created by BlackEntrepreneurProfiles.comElon Musk has ended X's planned partnership with former CNN anchor Don Lemon. This decision comes shortly after Lemon conducted an interview with the…
-
South Africa Opens Its Doors to Remote Workers With New Digital Nomad Visa
Created by BlackEntrepreneurProfiles.comSouth Africa is joining the growing trend of nations recognizing the potential of remote work and is taking steps to attract digital nomads. A newly…
Recently Added Black Entrepreneurs & Executives
-
Kevin Hart
Created by BlackEntrepreneurProfiles.comKevin Hart, widely recognized as a Hollywood A-lister and comedic powerhouse, has established himself as both a successful entrepreneur and a shrewd…
-
Peter Akwaboah
Created by BlackEntrepreneurProfiles.comPeter Akwaboah is a finance industry professional with nearly three decades of experience. He was recently appointed Chief Operating Officer by Fannie…
-
Bolaji Agbede
Created by BlackEntrepreneurProfiles.comBolaji Olaitan Agbede is Acting CEO of Access Holdings Plc following the passing of founding Group Chief Executive Officer, Herbert Wigwe. She is a…
FTC: Black Entrepreneur & Executive Profiles is reader supported, we may earn income on affiliate links. You support us by using our links to buy products, it will cost you nothing extra.
We also a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.