Sinclair CEO: ‘Sports is still at the heart of this company’
"Diamond is on its way."
"Diamond is on its way."
Diamond Sports is now turning its attention to parent company Sinclair.
"JPMorgan was nearly made completely whole on its investment."
"Further, large-scale moves are expected by Stadium in the new Reinsdorf-led structure."
The Reds and MLB could theoretically start broadcasting games themselves as early as May 6.
Rosenberg had been running Diamond Sports' Bally Sports RSNs since July 2020.
Diamond met the 13 conditions required by the NBA when this deal was renewed, but will breach one if they file for bankruptcy in March as expected, leaving the league with a decision.
As per John Ourand of Sports Business Journal, Diamond is now expected to file for Chapter 11 bankruptcy on March 15.
Prices will increase by $5 per month on all packages, along with an increased RSN fee.
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"You don’t have to know where the laces are on a football to be compelled by this, and that’s the goal."
"This is a significant moment that will enhance these premier events and provide much-needed access to our fans. We appreciate ESPN, Raycom Sports and Bally for mutually agreeing to make this happen."
"You can’t just be solely reliant on a direct-to-consumer product. That would be a really problematic situation for everybody in the ecosystem, if that’s all you had."
Bally Sports+ is set to launch at $19.99 a month, or $189.99 (a $50 discount) for a full year.
Assuming the lockout ends, the Rays are the fifth team to join Sinclair's streaming service soft launch.
The "technical issues" many Sinclair stations admitted dealing with Sunday reportedly came from a company-wide ransomware attack.
"MLB responded by requesting an equity stake in any planned streaming service that featured MLB games, 'a new wrinkle that complicated matters too much to complete on time.'"