More than $5 million paid for TV inaugural events
Television networks paid more than $5 million for exclusive rights to show events surrounding President-elect Barack Obama’s inauguration, including Sunday’s Lincoln Memorial concert and the Neighborhood Ball where Beyonce will serenade the new first couple.Nearly half the money, $2.5 million, will be paid by HBO. The cable network is showing Sunday’s concert – featuring U2, Bruce Springsteen, Stevie Wonder and others – live and will repeat it that night. Obama’s inaugural committee said the Walt Disney Co. is paying $2 million to show Tuesday’s Neighborhood Ball on ABC and for a kids’ concert Monday on The Disney Channel. MTV is… Read more »