Sports Broadcasting May Be Radically Altered With Diamond Sports Group Bankruptcy
Economía La transmisión de deportes puede verse radicalmente alterada con la bancarrota de Diamond Sports Group Hace 20 minutos Noticias de Bitcoin Ethereum Diamond Sports Group, or DSG, a subsidiary of Sinclair Broadcast Group and the owner of the largest group of regional sports networks in the U.S., or RSNs, filed for bankruptcy yesterday. That was not a surprise, it has been a long time coming. What may be surprising is what happens next—some leagues are hoping to take back their sports rights while others may prefer the status quo. This is not an ideal situation as many RSNs are focused on multiple sports. Thus, leaving a huge gap in the programming schedule could cause even more consumers to defect from satellite and cable. The timing of the DSG bankruptcy filing was due to the expiration of a 30-day grace period on a $140 million interest payment which was due on February 15 which was due to expire. Essentially, DSG had run out of options. Although DSG was bullish on the restructuring stating it expects to, “continue in the ordinary course during the Chapter 11 process,” Major League Baseball, or MLB, however, was not so sure. They issued the following statement stating that “Despite Diamonds economic situation,