Diamond Sports Group, Owner of 40+ RSNs, Files for Bankruptcy
TL;DR Summary
Diamond Sports Group, the largest owner of regional sports networks (RSNs) in the US, has filed for Chapter 11 bankruptcy protection. The company operates 19 RSNs under the Bally Sports brand name, with games from more than half of all MLB, NBA and NHL teams. The move comes as RSNs have become a tough sell for many cable providers, after long being part of pay-TV's linchpin. Diamond Sports Group intends to use the proceedings to restructure and strengthen its balance sheet, while continuing to broadcast quality live sports productions to fans across the nation.
Topics:sports#bankruptcy#business#diamond-sports-group#regional-sports-networks#restructuring#sinclair-broadcast-group
- Diamond Sports Group, America’s Largest Owner of RSNs, Files for Bankruptcy Hollywood Reporter
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- Diamond Sports, largest owner of regional sports networks, files for bankruptcy CNBC
- Diamond Sports Group Officially Files For Bankruptcy MLB Trade Rumors
- RSN armageddon? What fans can expect as likely Bally Sports bankruptcy looms The Athletic
- View Full Coverage on Google News
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