The Latest Breaking News from Diamond Sports Group

Sinclair’s Diamond Sports Group misses the payment deadlines for more MLB teams

Billions of dollars are owed and nut the money is not there to pay the bills

Baseball Commissioner Rob Manfred says the league is prepared for whatever happens with Diamond Sports Group after the financially troubled parent company of 19 Bally Sports regional networks skipped about $140 million in interest payments

A struggling subsidiary of Sinclair Broadcast Group that owns regional sports networks has opted to miss a debt payment due Wednesday, setting up a potential bankruptcy reorganization.

Baseball executives have said that the sport needs to prepare in the event that rights-fee payments are not made by Diamond Sports Group. Diamond owns local broadcasting rights to 14 of the 30 MLB teams,

CHICAGO — When the Chicago Cubs launched the Marquee Sports Network in February 2020, it was the culmination of a decade-long quest to create a dedicated 24/7 cable TV platform for the team, which was still soaring in the wake of its first World Series championship in more than a…

After a corporate reorganization involving its regional sports networks, Sinclair Broadcast Group is on solid footing, even in the face of a potential recession, the company’s CEO told shareholders Thursday.

Sinclair Broadcast Group said it earned $2.59 billion — yes, with a B — in the first quarter as it “deconsolidated” its local sports segment from its financial statements.