March 17, 2020 / 7:34 PM / 11 days ago

BRIEF-Moody's Says Sports Cancelations, Delays Over Coronavirus Are Credit Negative For Media Cos

March 17 (Reuters) - Moody’s:

* MOODY’S SAYS SPORTS CANCELATIONS, DELAYS OVER CORONAVIRUS ARE CREDIT NEGATIVE FOR MEDIA COMPANIES

* MOODY’S SAYS MAJOR U.S. MEDIA COUNTERPARTS TO DELAY OR LOSE VALUABLE PROGRAMMING DUE TO SPORTS CANCELATIONS, PARTICULARLY PLAYOFFS, FINALS & TOURNAMENTS

* MOODY’S SAYS REGIONAL SPORTS NETWORKS IN THE U.S. WILL NOT BE ABLE TO REPLACE LOST PROGRAMMING, REVENUE

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