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HERE ARE THE WORLD'S NEWS

Fox & Friends 3/9/2020 | Breaking Fox News March 9, 2020

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WILL OR IS THIS SOMETHING THAT'S A LITTLE BIT MORE OF A MARKET PANIC THAT PASSES >> THANK YOU >>> IN THE FULL LIFE CHANGE, WE'LL SEE THIS, WE TALKED ABOUT SPORTS RIGHTS, MEDIA RIGHTS AND HOW VALUABLE ALL OF THESE THINGS WERE COMING

WE DO HAVE SOME NEWS FROM THE PGA TOUR ABOUT THIS AT THE SAME TIME WE CAN TALK TO JAY ABOUT WHAT YOU DO WITH VENUES, NOW WE'RE SEEING MAYBE THERE'S NO FANS AT MARCH MADNESS ANYWAY, THIS DEAL, AS WE SAY, PRETEND WE CAN GO BACK A COUPLE OF WEEKS, 70% MORE REPORTEDLY THE DEAL FOR THE PGA THAN THE PREVIOUS DEAL JOINING US TO TALK ABOUT THAT, PGA TOUR COMMISSIONER JAY MONAHAN IS HERE IN STUDIO WITH US AND WE'LL ALSO TALK ABOUT CONTINGENCY PLANS FOR WHAT WE DO LeBRON IN BASKETBALL SAYS HE'S NOT GOING TO PLAY WITHOUT FANS BUT THERE ARE SOME THINGS BEING BANDIED ABOUT THAT WE'VE NEVER REALLY THOUGHT ABOUT BEFORE FIRST TALK ABOUT YOUR DEAL YOU PROBABLY WON'T CONFIRM IT AT 70%

IT'S A LUCRATIVE DEAL, MUCH MORE THAN THE LAST ONE >> I WON'T BUT IT'S A TESTAMENT TO OUR PLAYERS THAT WE'VE GOT SOME OF THE BEST MEDIA COMPANIES IN THE WORLD THAT ARE STANDING UP AND STANDING FORWARD AND WILL COMMIT TO THE PGA TOUR THROUGH 2030 FROM A NETWORK STANDPOINT, WE'RE EXTENDING WITH CBS AND NBC IN A TRANSFORMATIVE PARTNERSHIP FROM THE CABLE SIDE WE WILL CONTINUE WITH GOLF CHANNEL AND THEN FROM A STREAMING STANDPOINT, STARTING IN '22 WE'LL TAKE WHAT IS NOW PGA TOUR LIVE AND MOVE IT TO ESPN PLUS FOR US, THIS IS AN OPPORTUNITY TO CONTINUE TO INNOVATE, TO CONTINUE TO EVOLVE IN A DYNAMIC MARKETPLACE, THE MEDIA MARKETPLACE, WITH SOME OF THE BEST COMPANIES IN THE WORLD IT'S A MEANINGFUL DAY FOR OUR PLAYERS WE THINK IT'S A MEANING FUL DAY FOR OUR FANS AND THAT'S EXCITING

>> ALL OF THE DIFFERENT SPORTS LEAGUES HAVE TO FIGURE OUT HOW MUCH STREAMING, HOW MUCH — >> YEAH >> WE DON'T WANT TOO MUCH OUT THERE, RIGHT I GUESS THAT'S A BALANCE YOU'VE TRIED TO MAINTAIN AS WELL? >>I THINK THE MOST IMPORTANT THING IN THE PERIOD OF UNCERTAINTY IS TO FOCUS ON REACH SO WHEN WE LOOKED AT ALL THE OPPORTUNITIES, AND THERE WERE A LOT OF OPPORTUNITIES TO THE POINT YOU'RE MAKING UP FRONT, SPORTS RIGHTS ARE EXTREMELY VALUABLE, WHEN YOU COME OUT THE BACK END OF IT YOU WANT TO BE POSITIONED IN A WAY WHERE YOU'VE MAXIMIZED YOUR REACH OUR FANS, YOUNG FANS ACROSS THE ENTIRE DEMOGRAPHIC SPECTRUM CAN FIND US AND WE'LL BE PRODUCING MORE CONTENT BE WITH THOSE PARTNERS THAN WE'VE EVER PRODUCED BEFORE >> HAVE YOU TALKED ABOUT THE 50,000 PEOPLE BEING IN THE SAME PLACE ON A GOOLF — BIGGER THAN AN ARENA >> HAVE WE TALKED ABOUT IT WE SURE HAVE

>> WHAT'S THE ANSWER TO THAT >> STEPPING BACK AND LOOKING AT OUR SPORT, OUR TOURNAMENTS ARE PLAYED OVER 3, 400 ACRES AND WE HAVE 156 PLAYERS PLAYING IN A GIVEN WEEK SO FOR US — >> I'VE BEEN ON THE GREENS WHERE YOU'RE STANDING RIGHT AROUND IN A CROWD LOOKING AT ONE PLAYER YOU'RE WAITING TO COME THROUGH >> I THINK WHAT WE'VE TRIED TO DO, WE STOOD UP A BUSINESS AROUND THIS SUBJECT AND WE DID SO SEVERAL WEEKS AGO WE HAVE LEADERS WITHIN OUR COMPANY THAT ARE POURING THEMSELVES INTO THIS AND AS YOU'VE HEARD FROM OTHER LEAGUES, AS YOU'VE HEARD FROM OTHER SPORTS ENTERTAINMENT PROPERTIES, YOU'VE GOT TO RELY ON EXPERTS SO RELYING ON THE CDC, THE WORLD HEALTH ORGANIZATION, AND GIVEN THE FACT THAT WE'RE PLAYING 175 TOURNAMENTS ACROSS SIX TOURS PLAYING ALL OVER THE WORLD AND THIS IS AN OLYMPIC YEAR, YOU HAVE TO RELY ON WHAT'S HAPPENING ON THE GROUND IN THE MARKETPLACE >> LET ME ASK YOU A STRAIGHT UP HARD QUESTION WHICH IS WHAT KIND OF INSURANCE DO YOU HAVE? THE REASON I ASK YOU THIS IS IF YOU UNDERSTAND WHY THE LEAGUES CAN'T SHUT DOWN, WHY THEY NEED TO ACTUALLY PLAY IS BECAUSE THEY DON'T HAVE INSURANCE THAT WOULD EFFECTIVELY PAY FOR ALL OF THIS SO IT'S MUCH MORE LUCRATIVE OR EVEN JUST SENSIBLE ECONOMICALLY TO KEEP THE GAME GOING EVEN — AND LOSE THE TICKET SALES AS OPPOSED TO LOSE EVERYTHING

>> WELL, LISTEN, I DON'T THINK THIS COMES DOWN TO WHAT YOUR INSURANCE IS, ANDREW I THINK THIS ULTIMATELY IS WHAT'S THE STATE OF THAT MARKETPLACE AND IS IT SAFE FOR YOUR FANS AND YOUR PLAYERS TO BE OPERATING A TOURNAMENT IN OUR CASE SO WE ULTIMATELY — IF WE'RE PUT IN A SPOT WHERE WE FEEL LIKE WE'RE NOT THERE, THEN YOU'RE JUST GOING TO GO AND DO THE RIGHT THING YOU WOULD EITHER POSTPONE OR YOU WOULD CANCEL FOR A YEAR >> RIGHT >> BUT, YOU KNOW, WE CERTAINLY HAVE INSURANCE IN CERTAIN CASES, BUT THAT WILL NOT BE THE BASIS BY WHICH YOU MAKE A DECISION >> YOU COULD CERTAINLY HOLD A GOLF TOURNAMENT WITH NO GALLY

IF YOU HAD TO, YOU — >> YOU COULD, JOE WHEN YOU HAVE 156 PLAYERS, WE HAVE OUR SHOT LINK SYSTEM YOU HAVE TO MAKE SURE YOU HAVE VOLUNTEERS IN PLACE FOOD AND BEVERAGE YOU STILL HAVE A FAIRLY SIZEABLE OPERATION

>> YEAH ALL RIGHT SO THIS IS OCCUPYING — THIS NEW DEAL, CONGRATULATIONS, BUT THIS OTHER THING IS PROBABLY OCCUPYING THE LION'S SHARE OF YOUR TIME, IS IT NOT >> IT CERTAINLY IS THE OTHER POINT I'LL MAKE IS WE'RE WORKING WITH 120 CORPORATE PARTNERS IN EVERY MARKET, YOU TALK ABOUT THE QUALITY OF CLIENTS WE HAVE, I WAS TALKING OVER THE WEEKEND TO THEM >> ACROSS ALL SPORT, WHAT ARE THE SPONSOR ARRANGEMENTS WITH MOST LEAGUES IN TERMS OF THIS ISSUE? WHAT ARE THE NETWORK DEALS IN TERMS OF THIS ISSUE IF THERE IS NO AUDIENCE? DO THE ECONOMICS OF THIS CHANGE BEYOND THE TICKET SALES? DO YOU HAVE TO PLAY? DO YOU NOT HAVE TO PLAY? EVERYBODY IS LOOKING THROUGH THE CLAUSES THIS WEEKEND >> YOU'D LIKE TO PLAY

YOU DON'T HAVE TO PLAY I THINK, ANDREW, IT COMES DOWN TO COMMON SENSE SO IN OUR CASE, YOU LOOK AT IT WEEK TO WEEK, TOURNAMENT TO TOURNAMENT, AND IF YOU'RE NOT GOING TO PLAY, THEN YOU RESPOND ACCORDINGLY THE QUESTION IS, ARE YOU GOING TO POSTPONE OR ARE YOU PERMANENTLY NOT PLAYING IT >> IF YOU DIDN'T PLAY IT FOR MONTHS ON END, WHAT HAPPENS? >> WE WOULD CROSS THAT BRIDGE WHEN WE GET THERE BUT THAT WOULD OBVIOUSLY HAVE A VERY SIGNIFICANT IMPACT ON A NUMBER OF PEOPLE, INCLUDING OUR PLAYERS NOW YOU'RE AFFECTING CAREERS WE'RE TALKING ABOUT EVERY SCENARIO

>> CAN I JUST CONCLUDE WITH THIS REALLY IS A MONUMENTAL DAY FOR THE PGA TOUR WE COULDN'T BE MORE PROUD AND THANKFUL FOR THE PARTNERS WHO STOOD UP AND IT'S A TESTAMENT TO OUR ATHLETES AND BUSINESS MODEL AND WINNING FORMULA WITH THE COMPANIES THAT HAVE SUPPORTED US AND MADE LONG-TERM COMMITMENTS WE'RE CONTINUING T

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