“The current costs associated with performing under the Diamondbacks agreement outweigh the revenues the debtors are able to obtain through broadcasting Diamondbacks games."
While the payment for five seasons has now been determined, the next step will be coming to terms on payments for the five-year periods of 2017-2021...
"Bally Sports aired 43 men's basketball and 25 women's basketball games during the 2022-23 season."
Diamond Sports Group must pay the Texas Rangers by Thursday of this week or relinquish the team’s media rights.
"As with the Padres, MLB will stand ready to make games available to fans if Diamond fails to meet its obligations.”
"I’m going to put the entity into bankruptcy and then I’m going to selectively reject contracts."
"I do anticipate that eventually, most, if not all the industry, will move in the direction that we’re moving right now, and you won’t have [us]...
"That prematurely ends a 20-year, $1.2 billion deal that was set to run through 2032, and just how the Padres will recoup the $60 million per...
"Reinsdorf has explored launching his own regional sports network at various points in the past."
"The company has a grace period to deliver the payment that runs through May 30."