The media and entertainment giant, which also owns Turner Sports, sent a letter to the sports teams whose games it carries that it does not have the cash to pay upcoming rights fees, and that WBD
will not fund the shortfall. The company proposes to hand control of the RSNs over to the teams and leagues, and warns that if it can’t execute on a transfer, Chapter 7 bankruptcy is on the table.
We should be able to opt out of RSN and not be force to pay for channels we don't watch, directv
**chooses** not to have the cash to pay upcoming rights fees
Unfortunate. Sports has a lot to offer.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Warner Bros Discovery earnings: CEO David Zaslav faces new challengesWarner Bros Discovery CEO David Zaslav faces complex challenges as a combined HBO Max-Discovery streamer preps to launch this spring and staffers fear more layoffs and cuts
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: DEADLINE - 🏆 109. / 63 Read more »