A new company is close to taking over the University of New Mexico’s multi-media rights, but university officials aren’t saying how much they are expecting to make off the new deal.
Outfront Media Sports Inc. and UNM are finalizing a contract for UNM’s multi-media rights. A regents committee on Tuesday gave preliminary approval to the deal and allowed the university president to approve a “bridge agreement” until the contract is signed.
The contract “will go before the full board of regents when it’s ready,” said Regent Sandra Begay, chair of the Finance and Facilities Committee. “It might be ready by next Tuesday (at the next regents meeting) or it might be ready by September.”
The holder of the media rights makes money by selling sponsorships for radio shows, television broadcasts, coaches shows and other events or products.