NBA commissioner David Stern said his league intends to trim at least 50 of the 800 jobs in its U.S. work force, more than 6 percent, and says the NBA has shuttered its league office in Los Angeles.
"Our revenue targets are still being met," Stern said. "But we know that there's going to be enormous pressure on those targets in the next year or two, based on the country's deteriorating economic circumstances.
"I think it's fair to say that a sporting event may well define disposable income," he said.
To ensure stability, NBA commissioner Stern recommended more than a year ago to his owners that they try to lock in long-term TV contracts with regional sports networks.
There's an odd logic to his advice. If fewer fans buy tickets for games, more may watch on TV — and higher ratings could mean more revenue for regional sports networks, many of which are partially controlled by team owners.
Source: http://www.foxnews.com/story/0,2933,425104,00.html
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