Nascar Signs ABC/ESPN, TNT

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NEW YORK Nascar has reached separate eight-year TV rights deals with ABC Sports/ESPN and Turner Broadcasting, under which ABC/ESPN would pay $270 million annually and Turner’s TNT would pay $80 million per year.

Nascar has not confirmed the deals, apparently wanting to wait until it finalizes a deal with Fox for the remainder of the race telecasts. A Fox official said the network is continuing to negotiate and expects to reach an agreement with Nascar, but said nothing has been finalized.

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