Comcast's NBCUniversal to Shut Down Sports Cable Channel NBCSN by Year-End -- Update

By Joe Flint and Lillian Rizzo 

NBCUniversal is shutting down its sports cable channel NBCSN at the end of the year and migrating much of its programming to its sister general entertainment network USA, the company said.

The premium properties on NBCSN are the National Hockey League and Nascar auto racing, both of which will start to transition to USA Network this year. Some content will remain on both channels until NBCSN officially turns off the lights. NBCUniversal informed staffers of the plan Friday afternoon in a company memo.

"We're absolutely committed more than ever to live sports as a company, and having such a huge platform like USA Network airing some of our key sports content is great for our partners, distributors, viewers and advertisers alike," said NBC Sports Group Chairman Pete Bevacqua.

By putting high-profile sports on USA Network, NBCUniversal -- a unit of Comcast Corp. -- is hoping to solve two problems with one move: Get rid of an underperforming asset and boost an already powerful one. The Premier Soccer League will also have matches on USA.

NBCSN has struggled to compete against bigger rivals such as Walt Disney Co.'s ESPN and Fox Corp.'s Fox Sports cable network. While it has a large national reach, its ratings pale in comparison to its competition. Fox Corp. and Wall Street Journal parent News Corp share common ownership.

By putting popular sports on the USA channel, NBCUniversal is hoping it can increase its value of USA Network to distributors. Having more sports on USA will also make it a more viable competitor to WarnerMedia's TBS and TNT channels, which also carry a mix of entertainment and sports.

The addition of sports won't mean there will be less entertainment fare on USA, Frances Berwick, chairman of NBCUniversal's Entertainment Networks, said in a statement. "We remain committed to original entertainment programming, and believe that high-profile live sports will complement USA's broad premium scripted, unscripted and WWE slate," she said.

Write to Joe Flint at [e-mail] and Lillian Rizzo at [e-mail]

(END) Dow Jones Newswires

January 22, 2021 15:14 ET (20:14 GMT)

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