I watch a lot of out of market hockey on ESPN+ and I notice that a lot of games are carried on Bally stations. Bally Sports is owned by the Diamond Sports Group which is, in turn, owned by Sinclair. I was surprised to see the article linked below about a press conference given by MLB Commissioner Rob Manfred about what the MLB will do with DSG’s upcoming bankruptcy.
DSG bought the rights to baseball from FOX for $10.4 billion a couple of years ago and took out an $8 billion loan. This month they defaulted on a $140 million interest payment which means they are headed for bankruptcy court and a reorganization. That would make baseball (and hockey) teams that have contracts with them into creditors who stand to get only a fraction of what they are owed under contract. The reason DSG gives for their financial woes is the drop in revenue due to cord cutting. Apparently AT&T Sports Networks are going through similar problems as they paid baseball teams less than they were owed recently. https://www.espn.com/mlb/story/_/id/35668388/rob-manfred-mlb-ready-diamond-sports-group-pay-teams -- You received this message because you are subscribed to the Google Groups "TVorNotTV" group. To unsubscribe from this group and stop receiving emails from it, send an email to tvornottv+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/tvornottv/CAJE-FiFBwPXcUrzsp5Ryn64BmOgUytSFUiHQiFTxjNOcZ09Bjw%40mail.gmail.com.
