Wilner publishes leaked P12 budget

GrundleStiltzkin said:

https://twitter.com/wilnerhotline/status/1120773176848314368

Clearly a photoshop.

Internal budget projections for the Pac-12 Networks obtained by the Hotline (below) show a six percent ($8.1 million) year-over-year decline in total revenue, a 22 percent drop in net advertising revenue and a 30 percent plunge in digital revenue. Net affiliate revenue, the largest bucket, by far, was expected to drop by five percent.

Perhaps most significantly, the Pac-12 Networks aren’t expected to increase the amount they distribute to the campuses: The $33.475 million projected for the schools in the current fiscal year — split 12 ways, that’s $2.8 million per campus — was the same amount pegged for FY18.

All in all, the networks were budgeted to generate $127.4 million in revenue against $92.5 million in total operating expenses in FY19.

“It’s in line with expectations, but given its current structure, it has to figure out a way to cut costs,” said one of three media industry experts asked by the Hotline to analyze the budget.

As a matter of policy, the conference doesn’t comment on financial matters.

The budget was provided to the schools last year — for that reason, the figures should be considered approximations — and it includes budgeted figures for FY18 and FY19, plus a forecast/update for FY19.

It also provides an unprecedented look at the financial underpinnings of the seven-year-old media company, whose revenues and expenses have been closely guarded by the conference.