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October 3, 2012 by · Leave a Comment 

Fox Broadcasting and Turner Sports have agreed to pay Major League Baseball $500 million and $300 million respectively each year from 2014 to 2021 to renew their current deals to carry MLB games. Together, the deals are worth a record $6.4 billion. Under them, Fox retains rights to air the All-Star Game, the World Series, and a league championship series each year. Starting in 2014, it will also air two divisional series. Turner’s TBS retains the rights to air one league championship series, two divisional series and one wild-card game. The combined $800 million that the two media giants have agreed to pay is essentially twice what they are paying under their current contract. “This is a remarkable day for baseball,” Major League Baseball commissioner Bud Selig said in a conference call with reporters. In August MLB signed a new deal with ESPN covering the same 2014 period that gives the sports channel rights to carry the baseball season opener and up to 90 additional games each year. The deal reportedly is worth about $700 million annually, up from the current $360 million, or $5.6 billion over the eight years.