Dade Hayes Finance EditorFox Corp. COO John Nallen confirmed the company is in “very, very early discussions” with the NFL about renewing its rights deal with the league, a closely watched process that he said often gets misconstrued.Investors should “get away from the press headlines of average annual value growth,” he said during an appearance Tuesday at the Credit Suisse Virtual Communications Conference. “It’s absurd.”In Fox’s former configuration as 21st Century Fox, it paid a reported $1.1 billion in 2011 to reup with the NFL at the same time NBC, CBS and ESPN also extended their deals in a collective $7 billion outlay.
Read more on deadline.com