New York, New York (October 18, 2000) – NTL Incorporated (NASDAQ and EASDAQ: NTLI) announces today it and the Football Association Premier League have been unable to agree final terms regarding the UK pay-per-view TV rights package and negotiations have now ceased.
The package, for which NTL offered to pay 109 million pounds per year was scheduled to run for three years and would have enabled the company to screen 40 live FA Premier League matches per annum on a pay-per-view basis.
Barclay Knapp, Chief Executive Officer of NTL said: ‘Naturally we are very disappointed that we have not been able to complete negotiations under terms which both we and the Premier League found satisfactory. Under the terms of the Confidentiality Agreement, signed with the Premier League some months ago, we cannot comment any further.’
For further information, please contact:
In the U.S.: John F. Gregg, Senior Vice President – Chief Financial Officer
Richard J. Lubasch, Executive Vice President – General Counsel
Bret Richter, Vice President – Corporate Finance and Development
Amy Minnick, Investor Relations
(212) 906-8440, or via e-mail at email@example.com
In the UK: Alison Kirkwood 07788 186 154 / 01256 752 662
Malcolm Padley 07788 978 199 / 01256 753 408
Buchanan Communications on 0207 466 5000