MEDIA
07/16/2008 05:12 am ET Updated May 25, 2011

Obama's Stadium Acceptance At Convention Squeezes Networks

Major television networks are considering curtailing coverage of the Democratic National Convention after Monday's announcement that Barack Obama will accept his party's nomination in a Denver stadium.

According to several broadcast executives, the networks will still cover all the major speeches. But beyond that, all options are open as they look for savings to balance out the anticipated costs surrounding the stadium event. The acceptance event is an unexpected departure from the traditional convention hall format for which they have spent months planning.

Network executives expect Obama's relatively late-breaking decision to speak at Invesco Field at Mile High, a 76,000-seat football stadium, could add hundreds of thousands of dollars in costs to already cash-strapped news divisions. Each network has budgeted millions to cover the political conventions, but that spending is already accounted for in specific costs ranging from hotel rooms to staffing to building convention platforms.

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