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

📆 16/02/2023 05.45.00
📰 chicagotribune

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

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

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.

Tulis Komentar

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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
Sumber: TheStarPhoenix - 🏆 253. / 63 Baca lebih lajut »