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The Latest Breaking News from Diamond Sports Group

Key sports company stares down Chapter 7 bankruptcy

The company faces a significant risk of being liquidated or greatly diminished.

The Street

Sinclair Lawyer: Bankrupt Diamond Sports Group ‘Is Now Going To Shut Down’

Outside counsel David Seligman said the subsidiary’s plan to keep its Bally Sports channels going for another year will inevitably lead to liquidation, not a rebirth

Broadcasting & Cable

Minnesota Twins Set to Cut Payroll Amid Almost Certain Departure From Bankrupt Bally Sports RSN

The MLB team’s contract with operator Diamond Sports Group has expired, and the club is weighing other local TV options

Broadcasting & Cable

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Bally Sports Plus Peaked at Around 97K Subscribers, Has an Incredibly High 66% Churn Rate, Research Company Says

New data from Antenna explains why the direct-to-consumer streaming service hasn’t been the salve for the bankrupt regional sports network's linear woes

Multichannel News

Bankrupt Diamond Reaches Deal to Keep NBA Teams on Bally Sports Through This Season (But Beyond That? Who Knows?)

RSN and DTC rights revert back to the league after the 2023-24 NBA season; similar NHL agreement is 'pending,' Diamond says

Broadcasting & Cable

Sinclair Is Reportedly Offering $850 Million to Buy Back Diamond Sports Group Out of Bankruptcy

Sinclair is being sued by its former subsidiary for $1.5 billion

Broadcasting & Cable

Sinclair 'Milked' Bally Sports Subsidiary Out of More Than $1.5 Billion, Diamond Sports Group Suit Says

Also, a source close to Diamond's secondary creditors tells Next TV he believes the bankrupt subsidiary will emerge from restructuring intact

Broadcasting & Cable

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Did the Other Skate Just Drop? NHL Tells Bankruptcy Court It Might Want to Ice Its Bally Sports Deals

After the judge gave Diamond Sports Group another 80 days to come up with a restructuring plan, hockey told the court it might seek 'injunctive relief' if the whole mess can't be sorted out soon

Broadcasting & Cable

Broadcasters Nexstar, Sinclair, Gray and Scripps in Talks With the NBA and NHL, Also Looking to Step in on Abandoned RSN Deals

With bankrupt Diamond Sports Group possibly ditching unprofitable NBA and NHL agreements, and WBD exiting the regional sports channels biz, Disney/ESPN, Apple, Amazon and Google have also kicked the tires on acquiring local TV rights

Broadcasting & Cable

Bally Sports Bankruptcy: Summer MLB Drama Gives Way to Fall Pay TV Carriage Wars

Diamond Sports Group must renew distribution agreements covering nearly half of U.S. pay TV homes

Broadcasting & Cable

MLB Sets Up New Diamondbacks Channel, Claims Reach Has Expanded by 4.7 Million Homes vs. Bally Sports Arizona

New channel launches Tuesday on Comcast, Charter, DirecTV, Cox, and Fubo, as well as MLB.TV streaming. It's unclear as to what's happening with Bally Sports Arizona

Broadcasting & Cable

Diamond Boots the Arizona Diamondbacks Out of the Bankrupt Bally Sports Kingdom ... for Real This Time

Houston court will rule on Diamond Sports Group's latest motion to tear up its regional sports networks contract with yet another MLB team on Tuesday

Broadcasting & Cable

Sinclair's Diamond Sports Group Settles With Former President Steve Rosenberg, Keeps Him on As 'Consultant,' Structures Repayment of His $344K Golf Club Membership

The longtime Universal TV exec was fired from the bankrupt RSN distributor back in March

Broadcasting & Cable

Diamond in Last-Minute Talks With MLB’s Diamondbacks to Keep the Team on Bally Sports Arizona

The two sides postpone a Thursday bankruptcy court hearing amid what they jointly describe as ‘positive discussions’

Broadcasting & Cable

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Chicago Sun-Times

New Stadium for Blackhawks, Bulls and White Sox? TV broadcasts have new option

Now that the 19 Bally Sports-branded RSNs are under the control of Diamond Sports Group, Sinclair didn’t need Stadium anymore. Bulls and Sox owner Jerry Reinsdorf just might.

Sports Illustrated

SI:AM | MLB Takes Over Padres Broadcasts With New Model

Could other teams follow suit?

TV Tech

MLB Steps in to Ensure Fans Access to Padres Games After Diamond Stops Payments

Games will be streamed for free until June 5

USA Today Sports Media Group

The Diamond Sports Group’s failed Padres payments and what it means for MLB and RSNs, explained

What does the Padres' broadcast changes mean -- and what it means for the future of regional sports networks.

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Multichannel News

MLB Announces Plans to Air San Diego Padres Games

Deals set with Charter, Cox, DirecTV, AT&T U-verse TV, Fubo and on MLB.com without local blackouts

TV Tech

Judge Blocks Gray-TV Suns/Mercury Broadcast Deal

U.S. Bankruptcy Judge Christopher Lopez agrees with Diamond Sports that deal violates contract

Multichannel News

Judge Joker? Court Blocks Phoenix Suns From Bolting Bally Sports for Gray TV Broadcast and Streaming Deal

Texas bankruptcy court overseeing Diamond Sports Group’s restructuring says the NBA franchise must first try to negotiate a new deal with Sinclair’s regional sports network subsidiary

Multichannel News

Sinclair Reports Lower Q1 Earnings as It Unwinds Regional Sports Net Unit

Diamond Sports Group lost $94 million in January and February

Broadcasting & Cable

Reds Ready to Go It Alone Sans Bally Sports Starting Saturday

If Sinclair's Diamond Sports Group doesn't pay MLB team by Friday, club is set to broadcast its own games starting Saturday vs. the White Sox on a new channel

The Independent UK

Suns, Mercury unveil local media deal with RSNs struggling

The NBA’s Phoenix Suns and WNBA’s Phoenix Mercury announced a new media rights deal that could pave the way for local sports broadcasts following the much-publicized struggles of regional sports networks

Multichannel News

Bally Sports Parent Says NBA’s Suns Breached Contract With Gray Deal

Diamond Sports Group claims bankruptcy laws were violated

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