Sinclair took a $4.2 billion writedown over its regional sports networks, posted a quarterly loss of $3.2 billion
Distribution losses, including with Hulu+Live TV and YouTube TV, played a big role in this write-down.
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Sinclair’s regional sports networks unit is facing a possible debt restructuring, and has been called their “Achilles’ heel”
Sinclair's purchase of the former Fox RSNs from Disney at a $10.6 billion valuation (with $9.6 billion exchanged) had some merit at the time, but those RSNs are facing some dire challenges now.
