I don't think that his focus right now. I think its another cablecaster.
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Bally RSN owner Sinclair looking at bankruptcy
- Thread starter Ccook55
- Start date
Definitely has to be another media group, as Allen is not only focused on acquiring some or all of BET, but he doesn't have the capital on his own to acquire Diamond Sports.
Some of these MLB/NHL/NBA franchises, if they can afford it, will also get involved in the bidding of acquiring their respective RSNs; we're starting to see it now in Houston, with the Rockets and Astros, already part-owners in AT&T SportsNet Southwest, are in works of acquiring the remaining stake of that network. Last year, Ted Leonsis' Monumental Sports (the holding company of the NBA's Wizards and NHL's Capitals) acquired the remaining stake in NBC Sports Washington from NBCUniversal.
Longtime Universal TV Exec Steve Rosenberg Out as President of Diamond Sports Group
Bankrupt operator of the Bally Sports regional sports networks sheds another Sinclair-appointed exec as it tries to get right with Major League Baseball
www.nexttv.com
Here is Steve Rosenberg is out at Diamond Sports Group.
And those of us in Houston are waiting to see if the Astros and Rockets can avoid a repeat of what happened a decade ago with their majority ownership of Comcast SportsNet Houston, which imploded after only two years. Hopefully lessons learned during that debacle will prevent the same mistakes being made this time around.
Whomever intends to take up the torch and carry on needs to have solid business savvy, understand modern media and do some real research and look hard at the numbers, delivery platform options, etc. If both AT&T SportsNet and Bally Sports are struggling so badly, this obviously isn't as simple as buying them out, taking over their existing operations as-is and carrying on. Contracts with teams, staff and cable/TV providers need to be scrutinized and potentially renegotiated, viability per team and city need to be considered, etc. While they can probably get by with selling spots and remain on cable and dish in some cities where they have plenty of advertisers to support them, in others, they may need to consider streaming and paid subscriptions. Where my parents live, the RSN that carries their MLB team seems to have full spot loads and plenty of advertiser support. By contrast, in my city there are a few advertisers here and there, mostly injury attorneys and sports apparel companies, and most everything else is non-profits - Disabled American Veterans, St. Jude's, USO, Wounded Warrior and the like.
Another attempt at crystal ball gazing by ESPN. I looked up the reporter's bio. He seems to be primarily a teams/players/scores/stats guy rather than someone with a deep knowledge of the communications business and the many legal niceties of this situation. Anyway, here's his guess. Take it for what it's worth.
www.espn.com
Can I watch my favorite team? Is this the end of blackouts? What RSN mess means for MLB
Why Diamond Sports Group declaring bankruptcy could have a major impact on Major League Baseball and the future of sports on TV.
But in order to do that, those stations would have to pay the rights fee to the team, pay for the crew and technical operations, and take over all the expenses that RSNs do. Not every station is prepared for all that. They'd rather just run more reruns.
There have been some suggestions that MLB would stream games and also allow them to air on local independent over the air stations. In that case MLB would already be producing them to stream and let that stream be aired (presumably in exchange for some advertising time or a split of commercial revenue)
That's in the event Bally's can't do it for some reason. In the bankruptcy announcement, Bally's said they will continue to do the games during the process:
MLB broadcast partner Diamond Sports Group files for Chapter 11 bankruptcy, still committed to broadcast games in 2023
One of the largest broadcasters of MLB games, Diamond Sports Group LLC, has officially filed for Chapter 11 bankruptcy.
www.sportskeeda.com
MyNetwork affiliates in most of the Top 10 markets are owned by Fox. No rights money or production issues there. But would they want to do it? They got out of the RSN business once.
The Fox deal is for national broadcast, not local. That would require more money. Same with production. Broadcasting two games on Saturday is very different from doing daily games in 20 or more different cities. Once again, more money. This is how Diamond went bankrupt.
So why did Fox broke a promise on focusing on news and sports if they wanna retain the national Fox Sports division, the Murdochs should double review their RSN business if there's a regulatory conflict between the RSN's and ESPN on channel pricing. The Murdochs should should kept the RSNs in the first place TBH
Because they knew RSNs are bad business.
Do u have proof if the Murdoch's are not interested in RSNs before and during the Disney/Fox merger, I mean Fox Sports built the NFL, MLB, and Nascar into an establishment. Sky does the same with soccer, cricket, rugby, etc. Murdoch disrupted the both the TV and sports worlds when they outbid for soccer in 1992 and American Football in 1994. Murdoch entered the regional sports biz with partnering up with Liberty Media. They used it to build their own ESPN, they're own SportsCenter like show, and using their sports rights to promote both FOX and FX.
Why did they sell them? Nobody forced them to sell.
Or they left out from the bidding when the Trump DoJ required to sell the RSNs. Keep that mind Donald Trump loves Sinclair and the DoJ were being pressured from Trump's angst against CNN connecting to the Trump DoJ attempt to block ATT/WM merger contrary to the Disney/Fox merger approved by required to sell the RSNs while rejecting the horizontal concerns about merging 2 large movie studios (see Paramount Consent Decrees).
Disney was required to sell, not Fox. So Fox was the seller. They would not be bidding on something they sold.
As you can see from this thread, everyone is trying to get out of the RSN business. That includes NBC and AT&T.
A part of the story certain people are neglecting to remember...the DOJ thought Disney acquiring the ex-Fox Sports regionals would have given Disney too much of the market share in live sports programming. I think had Disney would been allowed to acquire the Fox RSNs, they probably would have been looking to bail out of the regional sports business too. Heck, Disney is going into cost-cutting mode now especially since Bob Iger came back--ESPN alone is getting ready to undergo some cutbacks, not unlike the blood-letting of a few years back.
Diamond went bankrupt on the debt from the purchase of the RSNs. Not because they are losing money on the games. The RSNs on their own are profitable.
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