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Surge in viewers leads ION TV to extend current 3-year broadcasting deal with WNBA

Surge in viewers leads ION TV to extend current 3-year broadcasting deal with WNBA

Yahoo13-06-2025

Indiana Fever guard Caitlin Clark (22) reacts after a basket against the New York Liberty in the second half of a WNBA basketball game in Indianapolis, Saturday, May 24, 2025. (AP Photo/Michael Conroy)
NEW YORK (AP) — Caitlin Clark's arrival and a major surge in viewers over the past year led to ION Television reaching a multiyear agreement on Friday to extend its broadcasting partnership with the WNBA.
ION, which is owned by the Cincinnati, Ohio-based, E.W. Scripps Company, did not reveal the length or value of the contract, which extends the network's original deal reached in 2023 to broadcast regular-season games and host a weekly studio show.
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The existing three-year deal is worth $13 million per season.
In a release, ION said the average viewership for its WNBA Friday Night Spotlight show increased by 133% from 2023 to '24, and attracted more than 23 million unique viewers, including game coverage. The jump coincides with Clark's celebrated rookie season in Indiana last year.
The network reaches more than 128 million homes though its various platforms.
Last year, the WNBA struck an 11-year media rights deal with Disney, Amazon Prime and NBC that begins in 2026 and is worth about $200 million a year.
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AP WNBA: https://apnews.com/hub/wnba-basketball

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Shorthanded Liberty's rut continues with sloppy loss to Storm
Shorthanded Liberty's rut continues with sloppy loss to Storm

Yahoo

time40 minutes ago

  • Yahoo

Shorthanded Liberty's rut continues with sloppy loss to Storm

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C. Notes: Chase Burns' rapid rise to the majors fits a trend
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C. Notes: Chase Burns' rapid rise to the majors fits a trend

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US Home Prices Break Records Despite Cooling
US Home Prices Break Records Despite Cooling

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timean hour ago

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US Home Prices Break Records Despite Cooling

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. U.S. home sale prices reached a record high during the four weeks ending June 15, hitting a peak of $396,500, according to the latest Redfin data, up 1 percent from a year earlier. It might be a discouraging figure for prospective homebuyers who have been struggling for years now with sky-high prices and historically elevated mortgage rates. But while home prices are still holding steady, experts do not expect them to continue rising for long, as new listings continue rising and inventory grows across the country. Why Are Home Prices Still Climbing? The main reason why home prices continue rising is that there is still a massive imbalance between supply and demand in the country, even if inventory has finally started rebounding over the past year. According to an estimate by the Washington-based think-tank Brookings, the U.S. housing market was short by nearly 5 million homes in 2024. In an aerial view, single-family homes in a neighborhood in Thousand Oaks, California, on April 18, 2025. In an aerial view, single-family homes in a neighborhood in Thousand Oaks, California, on April 18, while prices are still inching up, they are doing so at a much slower pace than they were over the previous five years, which saw double-digit year-over-year increases, or at the beginning of the year, when it was around 5 percent. In fact, we could say that they are now flatlining. Buyers are also negotiating and obtaining significant discounts over sellers' original asking price; according to Redfin data, the median sale price of a typical U.S. home is roughly $26,000 lower than the median asking price of $422,238. This is happening because buyers are gaining the upper hand in a market where sellers outnumber them by roughly 500,000, according to a recent Redfin report. While many sellers have decided to stop waiting for mortgage rates to come down to sell their properties, many buyers are being kept on the sidelines by high prices and monthly payments, and are leaving those listings sitting idle on the market for increasingly long periods of time. New listings of homes for sale were up 4.4 percent in the four weeks ending June 15 compared to a year earlier, while total listings were up 14.5 percent. Pending sales, during the same time frame, were down 1.5 percent year-over-year, and mortgage-purchase applications were down 3 percent week-over-week. The result is that sellers, especially those who approached the market hoping to get as much as they would have for their home during the pandemic homebuying frenzy, are having to meet buyers where they are at, lowering their asking price. "I'm explaining to sellers more and more that we need to be strategic in our pricing strategy because homes that are overpriced, even slightly, are likely to sit on the market and invite buyers to negotiate," said Kelly Connally, a Redfin Premier agent in Tulsa, Oklahoma, in a press release. "Pricing is most important, but with fewer buyers than usual out there, sellers should also make sure their home is in excellent condition and be ready to make repairs upon inspection," Connally added. "There are a few exceptions: homes in desirable locations that are in perfect condition are still hot and typically sell at or above asking price." When Will Prices Finally Come Down? Experts believe that, by the end of the year, home prices will finally start falling, even if modestly. Redfin expects home prices to decline by 1 percent year-over-year by the end of 2025, with parts of the country that have experienced the biggest surges in inventory reporting even steeper price drops. "The key for price changes will be to track growing inventory and time on market, especially relative to their pre-pandemic levels when the market was more balanced," senior economist Jake Krimmel previously told Newsweek. "Markets with high inventory and longer time on market are more likely to see price corrections. Overall, we expect a slow rebalancing rather than a sharp correction—unless economic conditions shift more dramatically."

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