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Photo: David John Griffin/Icon Sportswire via Getty Images

Southeastern Conference (SEC) football will no longer partner with CBS after its contract expires following the 2023 season, and will likely move to ESPN/ABC, Sports Business Journal reports.

The state of play: CBS reportedly made an aggressive bid for college football's most-watched TV package, offering about $300 million per season, but network executives decided they would rather invest the money into airing other sports, per the Sports Business Journal.

  • CBS currently pays $55 million per year for streaming rights, and ESPN/ABC is reportedly prepared to pay six times that as negotiations wrap up.
  • CBS has broadcast SEC games since 1996, the Sports Business Journal notes.

The big picture per Axios' Sara Fischer: It will be interesting to see moving forward if networks continue to win over regional and local sports leagues or if tech companies continue stepping in. There’s less risk involved in moving local content than national league content to tech platforms that are willing to spend lots of cash.

  • As evident with CBS, networks will only be willing to spend so much for local or regional rights when they could invest that money in national sports rights.

Our thought bubble: This deal shows how much value is being placed on live sports in an era when very few things are viewed live anymore.

  • Worth noting per Axios' Kendall Baker: This would make ESPN heavily invested in the SEC Network, which they already own, but it also shows how invested they are in college football as a whole — where they have the rights to the playoff and bowl season.

Go deeper: The sports streaming landscape, mapped

Go deeper

Anti-abortion activists' Supreme Court dreams are coming true

Photo illustration: Annelise Capossela. Photos: Kevin Dietsch/Getty Images

This is the moment the conservative legal movement has been building toward for decades: The solidly conservative Supreme Court is about to hear two major abortion cases within a month of each other.

Why it matters: All of this is likely to end with significant new restrictions on abortion and a clear path for Republican-led states to win the next big abortion cases, too — the culmination of a long and bitter fight for control of the judiciary.

Felix Salmon, author of Capital
31 mins ago - Economy & Business

Trump's volatile return to the stock market

Expand chart
Data: YCharts; Chart: Axios Visuals 

Donald Trump this week became both a meme stock and a social-media entrepreneur at the same time, by announcing that a new company called Trump Media & Technology Group was going to merge with an existing company listed on the stock market.

Why it matters: The medium-term promise of Trump's media company is that it will replace Twitter for anybody wanting to keep track of Trump's messages. The short-term promise is that it can be a hot new speculative vehicle for people wanting to get rich quick in the stock market.

Updated 10 hours ago - World

U.S. airstrike kills senior al-Qaeda leader in Syria, DOD says

A displacement camp near the village of Qah in Syria's northwestern Idlib province. Photo: Ahmad Al-Atrash/AFP via Getty Images

A U.S. airstrike in northwest Syria on Friday killed senior al-Qaeda leader Abdul Hamid al-Matar, U.S. Central Command said in a statement.

Why it matters: Syria serves as a "safe haven" for the extremist group to plan external operations, according to U.S. Army Maj. John Rigsbee.