• Join Puck

    Directly Supporting Authors

    A new economic model in which writers are also partners in the business.

    Personalized Subscriptions

    Customize your settings to receive the newsletters you want from the authors you follow.

    Stay in the Know

    Connect directly with Puck talent through email and exclusive events.

  • What is puck? Newsletters Authors Podcasts Events Gift Puck Careers

And the Golden Globes Go to… CBS

In a last-ditch, third-try effort, Jay Penske sold the Golden Globes telecast to CBS. The deal is a huge discount from NBC’s previous $60 million-per-year offering, but it prevents the awards from being the Billboards—at least for now.

Jay Penske celebrates on the podium during the Hyderabad E-Prix on February 11, 2023 in Hyderabad, India.
Jay Penske celebrates on podium during the Hyderabad E-Prix in February 2023. Photo: Akhil Puthiyedath ATPImages/Getty Images
Matthew Belloni
November 20, 2023

CBS passed not once but twice on the Golden Globes, so when Jay Penske, the trade media magnate who now also controls Globes producer Dick Clark Productions, came back a third time, it was on his knees, with a price that CBS’s George Cheeks couldn’t refuse. I don’t have the exact license fee, but I’m told by three sources it’s nowhere near the more than $60 million a year (!) that NBC was paying. (One source says it’s less than $10 million, but that’s not confirmed; CBS declined to comment and Dick Clark’s publicist didn’t respond.)