Pac-12 financial mess: On the fate of the networks, an emergency recourse and the legal framework

The Hotline continues to closely monitor the financial situation that prompted the dismissal of two Pac-12 executives and could cost the conference $50 million.

Here’s what we have learned in the past 24 hours …

— The Pac-12 will hire a replacement for CFO Brent Willman but not a successor to Pac-12 Networks president Mark Shuken, according to a source with knowledge of the plans.

In combination with the decision to move production facilities to an office in the East Bay, the decision to not replace Shuken provides insight into the future of the networks.

Commissioner George Kliavkoff has stated publicly that the Pac-12 will remain in the content

→ Continue reading at Mercury News

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