The first cleat has dropped; starting tomorrow, Padres broadcasts will become an MLB production. https://www.sandiegouniontribune.com/sports/padres/story/2023-05-30/bally-sports-san-diego-out-as-padres-broadcast-partner-after-missing-payment
On Thursday, February 16, 2023 at 5:53:26 PM UTC-5 Tom Wolper wrote: > 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 [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/tvornottv/d071b4cd-e7af-44ea-90e9-fcbac216f502n%40googlegroups.com.
