Research Analyst - US Sports Media Boston, MA

Overview

Research Analyst - US Sports Media job at S&P Global. Boston, MA.

About the Role: 10 (Grade Level for internal use).

The US Sports Media analyst role requires a mix of maintaining databases and creating financial models, writing research articles and reports, talking with clients and members of the press as an expert in your coverage area, networking and speaking at industry conferences and contributing to consulting jobs.

The analyst will spend about 50% of their time updating financial models annually and making periodic edits for the US Regional Sports Networks (RSNs) and creating new financial models for emerging local broadcast TV stations and direct-to-consumer streaming media sports rights deals. The analyst will also contribute to estimates for sports-centric basic cable networks like ESPN. Each financial model involves a series of processes, including:

• Leveraging Media Census video subscriber data to estimate inner and outer market subscribers on a Nielsen DMA level
• Using the video subscriber data to estimate inner and outer market license fees to calculate total affiliate revenue
• Using CPM, advertising inventory and ratings estimates to calculate advertising revenue
• Allocating sports rights expenses using an amortization schedule across the span of the contract
• Balancing the estimated totals against reported 10K data (where applicable)
• Producing 5-year projections based on macroeconomic and industry trends
• Reaching out to industry contacts for input on the models

The economic models are updated on an annual basis but are also adjusted when major developments occur (new rights deal, change in carriage, etc.). Once the models are updated, the analyst will roll up the individual network financial estimates to generate industry-wide metrics. This will include written analysis for the annual Global Sports Report. The analyst needs to be prepared to discuss these estimates with clients and members of the press.

The analyst will also be expected to present these figures during internal meetings with sales and support, and on webinars with prospective clients.

The analyst will maintain a database that tracks media rights deals for all of the 83 U.S.

-based professional MLB, NBA and NHL teams. This includes the estimated cost of the deal, the length of the contract and the annual average price. The analyst will also maintain a database that tracks national sports rights deals across broadcast and cable networks, including World Cup, the Olympics, the NFL Sunday Ticket, and Super Bowl advertising rates.

The analyst will also maintain a database that tracks RSN carriage across major traditional and virtual MVPDs. The analyst will write a series of articles around these databases. The analyst will track quarterly earnings releases for major RSN owners like Diamond Sports Group and report on new developments. As the industry changes and RSNs launch direct-to-consumer apps, the analyst will also produce research around these developments, using Media Census data to estimate the potential market for the service.

The analyst will stay on top of new developments such as the growth of legalized sports gambling and the shift in media rights to streaming services. The analyst is expected to attend industry conferences like the CAA World Congress of Sports, network with industry executives, and produce articles around conference panel discussions. The analyst will contribute to any relevant consulting jobs related to the sports media industry.

• Knowledge and interest in U.S. Sports and media sectors
• Experience working with major professional sports leagues, individual teams
• Background in distribution strategy, media rights, advertising sales
• Analytical skills including high-level Excel, financial modeling, coding experience (Python, SQL, Tableau, Power BI) a plus
• Experienced researcher with professional writing skills and publishing background highly desired
• Ability to interact with clients, prospects and participate in external speaking engagements
• Team player, good communicator and collaboration skills

(This section is only applicable to US candidates): S&P Global states that the anticipated base salary range for this position is $61,846 - $126,225. Final base salary will be based on geographic location, experience level, skill set, training, licenses and certifications. In addition to base compensation, this role is eligible for an annual incentive plan. This role is eligible to receive additional S&P Global benefits.

For more information on the benefits we provide to our employees, please .

This role is limited to persons with indefinite right to work in the United States.

Have you taken time out for caring responsibilities and are now looking to return to work? As part of our Return to Work initiative, we are encouraging enthusiastic and talented returners to apply, and will actively support your return to the workplace.