WPT Battles Travel Channel! Who Will Win?

[gaboonviper]

WPT fourth quarter results have just come out. What is extremely interesting is that WPT did NOT reach an agreement with the Travel Channel for season 7 broadcast rights prior to the original option deadline of March 10. They have extended negotiations to April 1.

What is at issue here is money. They were unable to come to terms about what Travel will pay WPT for season 7 broadcast rights.

As you can imagine, it does not bode well for WPT if they are dumped by Travel Channel. WPT viewership has dropped off quite alot over the past two years. WPT stock price has plunged from a high of over $24.35 on 7/8/05 to a current price of $4.37.

With the number of online pokersite sponsors dropping like crazy post UIGEA, and the interest in poker decreasing, it will be interesting to see what becomes of the WPT over the next 2 to 3 years.