Parent company of regional sports networks misses $140M in payments. Here’s what it means for TV viewers.

📆 15-02-23 23:45:00
📰 chicagotribune

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 91%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The financially troubled parent company of regional sports networks that own the broadcast rights to 42 U.S. professional sports teams skipped about $140 million in interest payments due Wednesday.

The missed payments by Diamond Sports Group started a 30-day grace period that could be the prelude to a bankruptcy filing, which could lead to changes in how televised games are made available to viewers.

Diamond is a subsidiary of Sinclair Broadcast Group Inc. and owns the 19 Bally Sports regional networks, which broadcast games of 14 Major League Baseball, 16 NBA and 12 NHL teams.

Diamond has nearly $1 billion in rights payments, mostly to baseball teams, due in the first quarter this year.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Tim Hortons franchisees spar with parent company RBI as rising cost of goods squeezes profitsTim Hortons franchisees spar with parent company RBI as rising cost of goods squeezes profits — via financialpost
La source: TheStarPhoenix - 🏆 253. / 63 Lire la suite »