Diamond Sports Files for Bankruptcy; Diamondbacks Owed $30 Million
Diamond Sports Holdings, owner of 19 regional sports networks, filed for Chapter 11 bankruptcy protection. The company said in a press release Tuesday it is nearing a…
Sinclair Broadcast Group
What Led to Diamond Sports’ Bankruptcy, and What to Expect Next
Diamond Sports Group, the subsidiary of Sinclair Broadcast Group that operates or co-owns 21 regional sports networks, appears headed for a messy bankruptcy process. The…
Diamond Sports Bankruptcy Seen as an Isolated Situation
With troubled RSN owner Diamond Sports Group likely to file for bankruptcy protection this week, the immediate fallout on other broadcasters is expected to be contained…
JPMorgan Made Whole by Sinclair Before Missed Diamond Payment
Sinclair Broadcast Group paid JPMorgan Chase $190.2 million dollars Friday to cash out the investment bank from its preferred equity in troubled Diamond Sports…
Diamond Sports Skips Debt Payment; Prudential Largest Creditor
Regional sports network operator Diamond Sports Holdings has skipped a $140 million debt payment due Wednesday, formally starting a 30-day grace period during which the…
Diamond’s Expected Bankruptcy Likely to Take Shape ‘In the Shadows’
Diamond Sports Group is widely expected to file for Chapter 11 bankruptcy during the next month, but the real action will happen beforehand. Diamond and its creditors…
Exclusive
Diamond RSNs Planning Bankruptcy in Blow to Lucrative Cable Model
Diamond Sports Group, a collection of 19 regional sports networks (RSNs) doing business as Bally Sports, is planning to file for bankruptcy next week, according to…
Diamond Sports’ New CEO Faces a Tall Task, But Optimism Exists
Diamond Sports Group’s Board of Managers recently voted to block parent company Sinclair’s involvement in the day-to-day operation of the Bally Sports RSNs and installed…
Sporticast: RSN, WTF? What’s Up With Sinclair Regional Sports Networks
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams speak with media consultant Lee Berke about the mounting financial issues at Diamond…
Exclusive
Diamond Sports Removes Sinclair as Operator of Regional Sports Networks
Just days after taking a $1 billion impairment loss on its troubled Bally Sports unit, the board of Diamond Sports Group has voted to block parent company Sinclair…
Ballmer’s ClipperVision to Stream Six Game Feeds in NBA First
The Los Angeles Clippers are the first NBA team to offer local fans a comprehensive series of options for watching games without the need for a cable…
Sinclair RSN Sale Talk May Be Warning Shot to Leagues and Teams
Diamond Sports Group—the Sinclair-owned subsidiary that controls the 21 Bally Sports regional sports networks—was reported to have hired an investment bank (LionTree)…
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