Which of the following best explains why broadcasting companies pay for the right to broadcast sporting events?

Question

(1 point)
Responses

Certain sporting events are culturally important to the nation.
Certain sporting events are culturally important to the nation.

Local viewers demand that broadcasting companies show sports.
Local viewers demand that broadcasting companies show sports.

Games attract viewers, which helps boost advertising revenue.
Games attract viewers, which helps boost advertising revenue.

Broadcasting companies want to support local teams.

Answer 1

The best explanation for why broadcasting companies pay for the right to broadcast sporting events is:

Games attract viewers, which helps boost advertising revenue.

This statement highlights the financial incentive for broadcasting companies, as higher viewership can lead to increased advertising revenue, making the investment in broadcasting rights worthwhile.