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The Latest Breaking News from Diamond Sports Group

Regional Sports Networks Are In Trouble But How Did They Get There?

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

Zenger

Longtime Universal TV Exec Steve Rosenberg Out as President of Diamond Sports Group

Bankrupt operator of the Bally Sports regional sports networks sheds another Sinclair-appointed exec as it tries to get right with Major League Baseball

Multichannel News

Sinclair Broadcast’s Diamond Sports Group, which airs games for 14 MLB teams, files for bankruptcy protection

Diamond Sports Group, a struggling subsidiary of Sinclair Broadcast Group that owns regional sports networks, filed for a bankruptcy reorganization late Tuesday, burdened by more than $8 billion in debt.

Tribune News Service

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Bally Sports networks’ owner files for bankruptcy

Diamond Sports Group filed for Chapter 11 bankruptcy protection. Diamond’s networks have the rights to 42 professional teams — 14 baseball, 16 NBA and 12 NHL. The Cubs and White Sox aren’t affected by the move.

Chicago Sun-Times

Bally Sports owner files for Chapter 11 bankruptcy

Diamond Sports Group, the largest owner of regional sports networks, filed for Chapter 11 bankruptcy protection on Tuesday

The Independent UK

Manfred: MLB prepared for whatever happens with Diamond

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

The Independent UK

Sinclair Broadcast’s Diamond Sports misses debt payment, setting up potential bankruptcy filing

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.

Tribune News Service

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MLB creates economic group as regional TV broadcaster faces bankruptcy

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 Sun-Times

Marquee Sports Network ratings have dropped 56% since its launch. Here’s how the Chicago Cubs’ cable TV home is faring in Year 3

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…

Chicago Tribune

Five takeaways from Sinclair Broadcast shareholders meeting

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.

Tribune News Service

Sinclair Broadcast reports massive profit as it ‘deconsolidated’ local sports networks from its books

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.

Tribune News Service

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