University of Texas Signs TV Deal With ESPN

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Nov. 3 (Bloomberg) -- Bloomberg's Michele Steele reports on ESPN's agreement with the University of Texas at Austin to let the Walt Disney Co. network build a channel around the school's sports. UT-Austin President Bill Powers signed a 40-year contract with ESPN that guarantees an average $15 million a year for 20 years. Bloomberg's Betty Liu also speaks. (Source: Bloomberg)

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