University of Iowa News Release
June 21, 2006
Interim President Fethke Issues Statement On Big Ten Broadcast Rights
University of Iowa Interim President Gary Fethke issued the following statement on Wednesday, June 21, 2006:
"We are delighted that Big Ten Conference has renewed its relationship with ABC and ESPN and that it is partnering with Fox to create the Big Ten Channel. The Big Ten Channel promises to be a tremendous platform for presenting the breadth and quality of our academic and athletics programs to the entire nation. Our student-athletes will benefit from increased opportunities to compete in a national spotlight. Our fans all around the nation will have more opportunities to see the Hawks play. Our faculty, staff and students will have new opportunities to make the nation aware of the best we have to offer in teaching, research and service.
"The additional revenue from these television agreements should allow the Department of Athletics to support significant future commitments, including opportunities for student-athletes that were identified in the recent self-study for NCAA certification. The new revenue will help fund athletics facilities renewal and improvement and help cover inflationary increases in costs such as scholarships, energy, transportation and medical care.
"The annual budgeting process for fiscal year 2007-08 will take into consideration the revenues embodied in these new arrangements. The new director of athletics and University administration will begin developing that budget later this calendar year and will take it to the Board of Regents for review and approval in the spring of 2007."
STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.
MEDIA CONTACT: Rick Klatt, 319-335-9431, firstname.lastname@example.org.