The Bowling Green alum will join color analyst Jody Shelley for the team’s games on Bally Sports Ohio
www.nhl.com
I was wondering if Bally Sports would still be around to do the Blue Jacket Games in 2024/2025:
We detail the long struggle, as bankrupt subsidiary Diamond Sports Group fights to keep broadcaster Sinclair's big, ambitious, specularly unsuccessful regional sports networks play out of liquidation
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Everything You Need To Know About the Bally Sports Bankruptcy
May 1, 2024
We detail the long struggle, as bankrupt subsidiary Diamond Sports Group fights to keep broadcaster Sinclair's big, ambitious, specularly unsuccessful regional sports networks play out of liquidation
On June 18, 2024, Houston bankruptcy judge Chris Lopez will decide if Diamond Sports Group has come up with the right restructuring plan to finally exit a Chapter 11 restructuring process that began in March of the previous year.
Diamond Sports Group, the bankrupt Sinclair Broadcast Group subsidiary that manages the Bally Sports regional channels, seemed almost certain to face liquidation as recently as early January.
But then its fortunes began to turn around.
In early February, Diamond filed three bankruptcy court motions, indicating that it had somehow, some way, through mediation, reached agreements with the Texas Rangers, Minnesota Twins and Cleveland Guardians to keep the team on its regional sports network through Major League Baseball's regular season.
With the NBA, NHL and MLB agreeing to stick around, and its estranged parent company, Sinclair, willing to settle bad blood, Diamond embarked on a series of successful renewal negotiations, shoring its core distribution business, securing multiyear deals with Charter Communications, DirecTV and Cox Communications.
On April 30, Diamond and its CEO, David Preschlack, found themselves one renewal away from completing perhaps the most stunning comeback in sports media history. Alas, Diamond could not reach an agreement with Comcast, once again putting the whole gambit in jeopardy.
This could be the end of RSNs as we know it Watershed moment in sports media history Major implications for NBA, NHL and MLB.
Seemed Logical at the Time
In August 2019, Sinclair Broadcast Group acquired 21 Fox Regional Sports Networks (RSNs) from the Walt Disney Co., along with Fox College Sports. The purchase price was $9.6 billion, valuing the business at $10.6 billion. Byron Allen’s Allen Media Group also came on board as an equity partner. The current roster includes 17 Bally-branded RSNs, which are listed here along with a couple that have since folded.
The RSNs were absorbed into a newly created subsidiary, Diamond Sports Group, and the customer-facing offering was rebranded as Bally Sports in March 2021 as part of a 10-year deal with sportsbook and casino operator Bally’s.
Sinclair CEO Chris Ripley said at the time: “We are very excited about the transformational aspects the RSN acquisition will have on Sinclair and are eager to bring those opportunities to life ... We have an exciting future ahead of us.”
Indeed, the future looked bright back in those heady days before COVID-19, when major league sports were still almost exclusively on cable and it was generally understood throughout the video industry that holding live sports rights gave you a license to print money. Sports fans seemed willing to pay just about anything.
Fast-forward a few short years and Diamond Sports is on the verge of emerging, bruised and battered, from a 10-month bankruptcy proceeding that saw the company fight tooth and nail to salvage some kind of viable business model.
Things changed quickly. How did this happen?
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