Getting your player ready...
Moody’s Investors Service said the National Football League’s lockout of its players will lead to moderate revenue losses for television networks and distributors over the short term but that it won’t hurt their credit ratings. Team owners locked out the players beginning Saturday after the league and the NFL players union broke off collective- bargaining negotiations.
The ratings agency said programming replacing NFL games will attract fewer viewers, but not paying the significant costs to air the games will represent a credit for future seasons.
Local network-affiliate stations will lose some highly profitable programming with each missed game. Dow Jones Newswires
