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There sure seems to be trouble in regional sports network land, and the question of the day is how it will end up impacting Major League Baseball and the payments owed to them by various RSNs. There’s the well-publicized issue of what’s going on with Diamond Sports Group, which runs Bally Sports, as they announced they’re skipping a $140 million interest payment, which now gives them a 30-day grace period to figure out if they’re going to make said payment or file for bankruptcy instead. Alongside that, though, is AT&T Sports, which is run by Warner Media, and has possibly already missed out on its first slate of payments for broadcasting games. Possibly, because there have already been denials from AT&T Sports, on the matter, but we can at least treat that as a potential where there’s smoke there’s fire situation until things are known for sure one way or the other. [2/20/2023 note: This article originally linked to a Pittsburgh Post-Gazette story here, but the Post-Gazette staff is on strike. Apologies for the oversight; the link has been removed.]
Continue reading “Diamond is probably going away, but broadcasting should remain”