Los Angeles Dodgers Statement on Court's Approval of Debtors' Amended Telecast Marketing Rights Motion

LOS ANGELES, Dec. 8, 2011 /PRNewswire/ -- We are extremely gratified that Judge Gross decided today to grant the debtors' amended telecast rights marketing motion.  This advances the process of maximizing the value of the debtors' estates.  As established repeatedly today in Court, including through testimony of witnesses presented by Fox, the telecast rights are one of the Dodgers' primary assets and have enormous long-term value.

The amended telecast rights marketing procedures will enable the Dodgers to establish a specific revenue stream and enable prospective owners to have greater visibility concerning the value of the telecast rights. This critical information will make clear the enhanced value of the Dodgers and we expect that this will result in a purchase transaction of the Dodgers that will maximize the value of the debtors' estates and achieve maximum long-term return success of the Dodgers. 

Robert Siegfried/Lyndsey Estin/Stef Goodsell
Kekst and Company
212-521-4800

SOURCE Los Angeles Dodgers